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Liftoff Mobile IPO: Why investors are comparing it to AppLovin
Yahoo Finance Video72d agoneutralVIDEO
Liftoff Mobile IPO: Why investors are comparing it to AppLovin

Liftoff Mobile (LFTO) debuted on the Nasdaq Composite (^IXIC) on Thursday, raising $437 million and pricing the initial public offering (IPO) at $23 per share. Liftoff CEO Jeremy Bondy joins Yahoo Finance to explain why the IPO was delayed, discuss Liftoff's AI engine "Cortex," and to outline the differences between Liftoff and AppLovin (APP).

AppLovin Rival Liftoff Stock Jumps After IPO
Investor's Business Daily72d agobullish
AppLovin Rival Liftoff Stock Jumps After IPO

Liftoff Mobile — a potential rival to AppLovin in the mobile advertising tech space — completed an initial public offering Thursday, selling 19 million shares at 23, above its 2o to 22 range. The response highlights investor appetite for new offerings, with the much-anticipated SpaceX IPO expected next week. Shares of quantum computing player Quantinuum climbed as much as 18% in its debut Thursday before retreating. Liftoff stock rose 19.6% to close at 27.51 on the stock market today.