with that news Discord is on the verge of going public soonOther tech companies are starting to take their chances. liftoff mobile filed Its first S-1 filing late Tuesday evening is the first step in the process.
The company is not yet discussing how big this IPO will be: it has not yet filed any data about the size of the offering or the stake held by its major shareholders. However, IPO research firm renaissance capital The whisper number reports $400 million, which means that’s what the Street thinks the company hopes to raise.
The company provides a platform that helps mobile app developers market their apps and was formed in 2021 through the merger of Liftoff and Vungle. Blackstone acquired the majority of its shares at that time and the finance giant also appointed new leadership, meaning it is no longer a founder-run company. Blackstone will remain the majority shareholder after the offering, according to the S-1 filing.
Another interesting thing: despite the relatively small expected size, this list has an unusually large number of bankers underwriting it. The offering has three joint lead bankers (Goldman, Jefferies and Morgan Stanley) and 12 other banks that are assisting in the sale, as well as three other financial institutions, including Blackstone. Wow! This could either be a sign of strong investor interest or a need to spread risk across multiple institutions.
Liftoff claims that 140,000 apps use its services. It said it had revenues of more than $519 million in 2025 and net losses of more than $48 million. The company also says that it has a debt of more than $1.85 billion.
