Blackstone-backed Liftoff files for US IPO on Nasdaq
Liftoff filed for a U.S. IPO today following a previous delay due to market volatility. The Blackstone-backed firm reported narrowed losses and rising revenue.
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The mobile application marketing specialist LIFTOFF MOBILE INC has officially filed for an initial public offering in the United States, signaling a significant step toward the public markets. This move comes as investor sentiment improves following a period of market volatility that previously hampered new listings. The Redwood City-based firm, which is backed by BLACKSTONE INC, had earlier paused its plans in February after a selloff in the software sector raised concerns regarding the potential for generative artificial intelligence to disrupt traditional business models.
