Liftoff Mobile Inc. raised $437 million in a US initial public offering that priced above its marketed range, in the company’s second attempt at going public this year.
The Blackstone Inc.-backed company, which filed for an IPO just three months after withdrawing a previous registration, sold 19 million shares for $23 each, according to a statement Wednesday. The company had marketed the shares at $20 to $22 each.
The pricing gives Liftoff a market value of $3.83 billion, based on the outstanding shares in its filings.
At $23 per share, Liftoff has an enterprise value of $5.4 billion. That ...
