Liftoff is going public with a valuation of $3.83 billion
There is an addition to the list of public companies. The marketing platform Liftoff announced that it will conduct an IPO on the American stock exchange NASDAQ.
It is reported that Liftoff's initial public offering on the exchange will conclude tomorrow, June 5. By then, the platform expects to sell 19 million shares at $23 each, aiming to raise a total of $437 million.
Notably, this is already Liftoff's second attempt to go public. Initially, the platform wanted to conduct the IPO early in the year but was deterred by the February crash of tech stocks. It is worth recalling that this happened amidst investor concerns over the tech sector overheating due to excitement around artificial intelligence. As a result, Liftoff had to postpone the IPO by several months.
It's also noteworthy that Liftoff has significantly depreciated recently. The IPO valued its market worth at $3.83 billion. However, in May 2025, when General Atlantic purchased a minority stake in Liftoff, the amount was much higher at $4.3 billion. The reason for this decline is unclear.
Despite this, Liftoff's other financial metrics are relatively decent, though not perfect. In its report to the U.S. Securities and Exchange Commission, Liftoff noted that in 2025, it managed to more than halve its losses (to $23.1 million) and increase revenue by 32% (to $685.7 million).