On June 4, Liftoff Mobile surged 14.87% in regular trading, trading at $26.395/share with trading volume of $104 million, as the stock made its Nasdaq debut.

On the news front, Liftoff Mobile officially began trading on the Nasdaq Global Select Market under the ticker LFTO, with its IPO priced at $23 per share — above the previously announced range of $20 to $22. The company issued 19 million shares of common stock, raising approximately $437 million in total proceeds. Goldman Sachs, Jefferies, and Morgan Stanley served as joint lead bookrunners.

Liftoff Mobile is a Blackstone-backed AI-driven mobile app marketing and monetization platform whose core business connects advertisers with high-value users through artificial intelligence technology. The company had originally planned a larger IPO earlier this year at a $5.5 billion valuation but postponed and scaled back due to market volatility. Net proceeds from this offering will primarily be used to repay senior secured term loans, with the remainder allocated to general corporate purposes.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)