Simpson Thacher represented Liftoff Mobile, Inc. (“Liftoff”) in connection with its initial public offering of common stock, which raised total gross proceeds of $504 million. A total of 21,850,000 shares of common stock were sold in the offering, including the full exercise by the underwriters of their over-allotment option, at a price to the public of $23.00 per share. The common stock began trading on the Nasdaq Global Select Market on June 4, 2026.
Liftoff is a leading growth and monetization engine built for the mobile app economy. Its AI-powered platform, Cortex, unifies marketing, creative, and monetization to deliver measurable performance at scale across the app lifecycle. Liftoff enables advertisers to unlock profitable user growth while helping app publishers maximize revenue with advanced ad monetization technology.
The Simpson Thacher team included Josh Bonnie, Jonathan Ozner, Katharine Thompson, Patrick McCamy, Thalia Garcia, Amy Donofrio and Kate Burns (Capital Markets); Charles Mathes, Eliza Murray and John Strubing (Public Company Advisory Practice); Anthony Vernace, William Allen, Malik Ladhani, Jacob Kornman and Jaylen Amaker (Mergers and Acquisitions); Sophie Staples, Edward Grais and Paul Jansch (Tax); Greg Grogan, Tristan Brown, Alan Fenyes and Benjamin Faber (Executive Compensation and Employee Benefits); Kate Mirino (Intellectual Property); Catherine Burns, Roman Ibragimov, Mark Marzziotti and Emma Li (Credit); and James Rapp, Bettina Elstroth, Joshua Traube and Nicolle Heagney (Section 16). Evan Hunt, Jacob Broz, Andrés Cruz and Erick Hannah provided valuable assistance.