Liftoff Mobile Moves Forward with IPO Filing Backed by Blackstone and General Atlantic
Liftoff Mobile has filed for an IPO, aiming to raise around $400 million amid growing interest from tech companies.
Some experts think Liftoff Mobile hopes to get around $400 million from this IPO. Liftoff helps mobile app makers market their apps. The company started back in 2021 when Liftoff merged with Vungle. Blackstone bought most of Liftoff’s shares and picked a new team to run it. Blackstone will stay as the main owner after the IPO.
Interestingly, many banks are helping with this IPO. Three major banks are leading it: Goldman, Jefferies, and Morgan Stanley. Twelve more banks are also involved, along with three other firms from Blackstone. This could show strong interest from investors or a way to share risks.
Liftoff Mobile says 140,000 apps use its services. In 2024, they made over $519 million in revenue but had a loss of about $48 million. For the first nine months of 2025, they earned just under $492 million and lost $25.6 million. The company also has more than $1.85 billion in debt.
This news article has been updated to fix some details about revenue from 2024 and 2025.