AppLovin gaming app goes public, valued at $28.6 billion PUBLISHED BY 10 hours ago AppLovin Corp, the Palo Alto, California-based mobile app and gaming company, has priced its initial public offering at $80, which puts the company’s valuation at $28.64 billion. The $80 offer a share is the midpoint of its previously set range of $75-$85. The private equity backs the company gains KKR&Co Inc and will raise $2 billion through the IPO. The company sold 22.5 million Class A common shares, selling stockholders offered the remaining 2.5 million shares. It is keeping a stake worth $8.6bn. KKR will also retain 67.4 percent of the company’s voting power.