Liftoff Mobile just pulled off something increasingly rare in public markets: a tech IPO that actually exceeded expectations. The mobile advertising technology company raised $437 million by selling 19 million shares at $23 each, above its anticipated range of $20 to $22, and began trading on Nasdaq under the ticker LFTO.
The pricing gives Liftoff a valuation of approximately $3.83 billion. That’s a solid number for a company that, just a few months ago, had to walk away from a much more ambitious listing attempt.
Second time’s the charm
Back in February 2026, the company filed for an IPO that aimed to raise up to $762 million at a share price between $26 and $30. That attempt was pulled amid a downturn in the software sector.
Blackstone remains the majority owner following the offering, with General Atlantic holding a minority stake. Goldman Sachs, Jefferies, and Morgan Stanley served as underwriters.
