The Liftoff IPO finally has lift-off: the adtech firm is today offering 19m shares for sale to the public at $23 each, a raise of $437m that values the firm at $3.83bn.
The shares are expected to trade on the Nasdaq Global Select Market today, June 4, under the ticker symbol LFTO. The offering is expected to close on June 5, and Goldman Sachs, Jefferies and Morgan Stanley will act as joint lead book-running managers.
It’s a successful second attempt at an IPO for the Redwood City, California-based company, which filed for an initial public offering back in January, but pulled the plans a couple of weeks later after sudden sell-off of SaaS stocks.
The firm is backed by finance giant Blackstone, and as Bloomberg reports, today’s valuation of $3.83bn is notably below its worth in 2025 when General Atlantic bought a minority stake in the company that valued the firm at $4.3bn.
Liftoff posted a net loss of $23.1m and revenue of $685.7m in 2025, compared with a net loss of $48.2m and revenue of $519.3m, a year earlier, according to SEC filings.
