Press release
AppLovin Announces Pricing of Initial Public Offering
PALO ALTO, Calif.--(BUSINESS WIRE)-- AppLovin Corporation (“AppLovin”), a global technology platform that provides developers a unified set of tools to grow
About this update from Applovin Corporation
[{"type":"text","content":" PALO ALTO, Calif.--(BUSINESS WIRE)--\nAppLovin Corporation (“AppLovin”), a global technology platform that provides developers a unified set of tools to grow their business, today announced the pricing of its initial public offering of 25,000,000 shares of its Class A common stock at a price of $80.00 per share. AppLovin is offering 22,500,000 shares of its Class A common stock and KKR Denali Holdings L.P. is offering 2,500,000 shares of Class A common stock. In connection with the offering, the underwriters will have a 30-day option to purchase up to an additional 3,750,000 shares from KKR Denali Holdings L.P. AppLovin will not receive any proceeds from the sale of shares by KKR Denali Holdings L.P. AppLovin’s Class A common stock is expected to begin trading on the Nasdaq Global Select Market on April 15, 2021 under the symbol “APP” and the offering is expected to close on April 19, 2021, subject to customary closing conditions.\n\nA registration statement relating to the sale of these securities was declared effective by the Securities and Exchange Commission on April 14, 2021. Morgan Stanley, J.P. Morgan, KKR Capital Markets, LLC, BofA Securities and Citigroup are acting as lead book-running managers for the offering. Credit Suisse and UBS Investment Bank are acting as additional book-running managers for the offering. Blaylock Van, LLC, Guzman & Company, LionTree Advisors, LUMA Securities, Oppenheimer & Co., R. Seelaus & Co., LLC, The Raine Group, Roberts & Ryan, Stifel, Truist Securities, and William Blair are acting as co-managers for the offering. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained by contacting: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email at [email protected].\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n\nAbo...