AppLovin, backed by KKR, has hired Morgan Stanley to prepare for an IPO, which could come in early 2021, sources told Reuters
The company is expected to be valued much higher than its last reported public valuation of $2 billion.AppLovin, the U.S. mobile app and gaming company backed by private equity firm KKR, has hiredto lead preparations for an initial public offering which could come early in 2021, according to people familiar with the matter.
The sources requested anonymity because the IPO preparations are confidential and cautioned that the plans are subject to market conditions. In 2018, KKR acquired a minority stake in AppLovin for $400 million, valuing the company at $2 billion. AppLovin now expects to command a substantially higher valuation, the sources said.
'He can run but he won't be able to hide his record' Say No To JimCrowJoe!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barstool Sports, Dave Portnoy explain mobile sports betting strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Barstool is for tools. 'Big names like Dave Portnoy' lol good luck with that As soon as its legal in missouri or kansas, that's where my action will go.
Source: BusinessInsider - 🏆 729. / 51 Read more »
T-Mobile for Business BrandVoice: From Sci-Fi To Everyday Business: Welcome To The Age Of The RobotA high-speed cellular connection over 5G could enhance robots’ potential even more, enabling operators to control, reprogram and communicate with machines remotely while enhancing use cases where real-time agility is a priority.
Source: Forbes - 🏆 394. / 53 Read more »
Emails: Palantir blames Morgan Stanley for 'blemished' direct listing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Now that we finally here, can we talk about how overrated $MS have been as a bank? Rare criticism of Morgan's I-bank, they are first class Here they go... blaming an investment bank for the poor performance of a company's stock when it's never made a profit in 17 years of existence where its core business model is basically just violating human rights. I'm sure it's all the investment banker's fault...
Source: BusinessInsider - 🏆 729. / 51 Read more »
WME Sports Hires NFL Agent Ben Renzin to Co-Lead Football Business (Exclusive)He follows Brian Ayrault over from CAA to jointly head up WME's football business.
Source: THR - 🏆 411. / 53 Read more »
Stock picks to buy, cheap alternatives to big tech: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Desert sub bunkers
Source: BusinessInsider - 🏆 729. / 51 Read more »