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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 wi...

AppLovin Closed at $65.20 in Stock Market Debut AppLovin makes trading debut on Nasdaq at $70 a share, 12.5% lower than its issue price. Author: Original: KKR-backed mobile game company AppLovin  ( APP) - Get Report made its stock market debut Thursday on the Nasdaq at $70 a share, 12.5% lower than its initial public offering price. Shares of AppLovin fell 18.50% to close at $65.20 at the end of its first day of trading. Shares were dropping 0.27% in after-hours at last check. The stock began trading Thursday under the ticker symbol "APP." AppLovin's initial public offering was priced at $...

By Reuters Staff 2 Min Read (Reuters) -Mobile app and gaming company AppLovin Corp, which is backed by private equity giant KKR & Co Inc, said on Wednesday it was aiming for a valuation of more than $30 billion in its U.S. initial public offering (IPO). The company was looking to raise as much as $2.13 billion by selling 25 million shares at a price range of $75 to $85 per share. It had hired Morgan Stanley to lead its IPO, Reuters reported last year. The Palo Alto, California-based company is the latest player in the mobile gaming industry looking to cash in on the surge in demand for video ...