Liftoff Mobile Inc., a mobile app marketing platform backed by investment giant Blackstone, has filed for an initial public offering in the United States. The company, which provides an AI-powered platform for performance marketing and monetization, intends to list on the Nasdaq under the ticker symbol "LFTO". Goldman Sachs, Morgan Stanley, and Jefferies are the lead underwriters for the offering.
Blackstone will retain majority control of the company after the IPO. General Atlantic also holds a minority stake. For the nine months ending September 30, 2025, Liftoff reported a net loss of $25.6 million on revenue of $491.6 million. The filing indicates that the company plans to use the proceeds for general corporate purposes and to repay outstanding debt.