AppLovin Offers Shares in IPO at Estimated $75 to $85
AppLovin s initial public offering could value the mobile application and gaming company at $30 billion.
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Apr 7, 2021 4:05 PM EDT
AppLovin said Wednesday it was offering 22.5 million Class A common shares in its initial public offering at an estimated $75 to $85 each, a deal that could value the mobile application and gaming company at $30 billion.
The Palo Alto, Calif., company said in a regulatory filing that a holder is also selling 2.5 million shares. And the holder gave the underwriters on option on 3.8 million more shares if demand for the deal requires. AppLovin is critical to the success of mobile app developers, in particular mobile game developers, solving key marketing and monetization challenges, the company said in its filing.
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Alkami Announces Launch of Initial Public Offering
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PLANO, Texas, April 5, 2021 /PRNewswire/ Alkami Technology, Inc. ( Alkami ), a leading cloud-based digital banking solutions provider for U.S.-based financial institutions, announced today the launch of its initial public offering of 6,000,000 shares of its common stock. The underwriters of the offering will also have a 30-day option to purchase up to 900,000 additional shares of common stock from Alkami at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is currently expected to be between $22 and $25 per share. The company intends to list its common stock on The Nasdaq Global Select Market under the ticker symbol ALKT.