Liftoff Mobile, a tech company offering a platform that assists mobile app developers in marketing their apps, has officially filed for its initial public offering (IPO), marking a significant move in the tech industry. The company’s IPO filing comes on the heels of news about Discord exploring its own public debut.
Formed in 2021 through a merger of Liftoff and Vungle, Liftoff Mobile has caught the attention of major investors like Blackstone, which acquired a majority stake in the company. According to the S-1 filing, Blackstone will retain its position as the primary shareholder post-offering.
One notable aspect of Liftoff Mobile’s IPO is the extensive involvement of financial institutions in underwriting the listing. With three joint lead bankers and a total of 15 banks and financial entities collaborating on the offering, the level of interest and risk distribution in the market is notably high.
Despite the expected size of the IPO, which remains undisclosed, Liftoff Mobile boasts a significant user base, with 140,000 apps utilizing its services. The company reported revenues exceeding $519 million in 2025, alongside a net loss of just over $48 million. Additionally, Liftoff Mobile discloses carrying a debt load of $1.85 billion.
Source: TechCrunch