Blackstone-backed Liftoff files for US IPO
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Liftoff, a mobile app marketing provider backed by Blackstone, has filed for an initial public offering (IPO) in the U.S. The company is expected to list on Nasdaq under the symbol "LFTO." Blackstone is exploring options for Liftoff, potentially valuing it at $4 billion or more. Goldman Sachs, Morgan Stanley, and Jefferies are the lead underwriters for the offering. The move comes as private equity firms anticipate increased activity in 2026 due to slow exits and extended holding periods.
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