AppLovin Rival Liftoff Stock Jumps After IPO

Licensing

04:12 PM ET 06/04/2026

Liftoff Mobile (LFTO) — a potential rival to AppLovin (APP) in the mobile advertising tech space — completed an initial public offering Thursday, selling 19 million shares at 23, above its 20 to 22 range. Shares jumped more than 10% in initial trading. The response highlights investor appetite for new offerings, with the much-anticipated SpaceX IPO expected next week. Shares…