Liftoff Mobile Completes $437 Million Nasdaq IPO at $23 a Share
Updated
Updated · Digiday · Jun 5
Liftoff Mobile Completes $437 Million Nasdaq IPO at $23 a Share
3 articles · Updated · Digiday · Jun 5
Summary
$437 million raised at $23 a share gave Liftoff Mobile a successful Nasdaq debut after it scrapped a larger IPO plan in February when software stocks weakened.
Q1 revenue climbed to $205.6 million from $149 million a year earlier, while net income reached $49.3 million and adjusted EBITDA hit $120.1 million, a 58% margin.
Liftoff pitched investors on Cortex, its AI-driven bidding model, and on the combined DSP-SSP structure created by the 2021 Liftoff-Vungle merger as advantages in mobile app advertising.
The listing is the first notable ad-tech IPO since MNTN in May 2025 and serves as a gauge of whether investors will back independent ad-tech companies beyond standouts such as AppLovin.
Much of the proceeds are set to repay debt, and public investors are likely to scrutinize Liftoff's exposure to app-store policies, privacy changes and competition from larger platforms.