In a $437 million raise, Blackstone-backed Liftoff Mobile is the first ad tech IPO in more than 12 months, drawing comparisons with AppLovin.

Liftoff Announces Pricing of Initial Public Offering

Liftoff Mobile raised $437M in its Nasdaq IPO, pricing 19 million shares at $23 each above the marketed range, valuing the adtech company at $3.83 billion.