Blackstone-backed Liftoff targets $3.7 billion valuation in U.S. IPO - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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🏦 Source Intelligence
Rolling outlet bias
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3,172 articles tracked
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Article Excerpt
May 29 - Liftoff Mobile, backed by Blackstone, is targeting a valuation of up to US$3.66 billion in its U.S. initial public offering, in a renewed attempt to test investor appetite in public markets after scrubbing an initial launch.
The firm’s ambition to push on with its IPO comes after it scrapped an initial attempt, as the listings market was swept up in the broad shunning of software-focused firms seen as ripe for disruption by rapid advances in artificial intelligence.
After Liftoff’s withdrawal, the market for new listings was hit with renewed jitters as sharp swings due to the Iran w…
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