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AppLovin Priced, Nasdaq: APP

Provides a platform for marketing and monetizing mobile games.

Industry: Technology

Latest Trade: $69.21 0.00 (0.0%)

First Day Return: -18.5%

Return from IPO: -13.5%

Industry: Technology

Our mission is to grow the mobile app ecosystem by enabling the success of mobile app developers. Our software solutions provide advanced tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their apps. Since inception, our platform has driven over six billion mobile app installs for mobile app developers. Our software, coupled with our deep industry knowledge and expertise, has allowed us to rapidly scale a successful and diversified portfolio of owned mobile apps. We have also accelerated our market penetration through an active acquisition and partnership strategy. Our scaled and integrated business model sits at the nexus of the mobile app ecosystem, which creates a durable competitive advantage that has fueled our clients’ success and our strong growth. Over the past two decades, mobile apps have become integral to our lives. Mobile apps offer a wide array of applications, such as allowing users to seamlessly share ideas, make purchases, monitor health, and access entertainment. Based on data from IDC, we estimate our total market opportunity to be $189 billion in 2020, growing to $283 billion in 2024, or a 10.6% compound annual growth rate (CAGR).
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IPO Data
IPO File Date 03/02/2021
Offer Price $80.00
Price Range $75.00 - $85.00
Offer Shares (mm) 25.0
Deal Size ($mm) $2,000
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/14/2021
Offer Price $80.00
Price Range $75.00 - $85.00
Offer Shares (mm) 25.0
Deal Size ($mm) $2,000
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
J.P. Morgan
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Company Data
Headquarters Palo Alto, CA, United States
Founded 2012
Employees 902
Website www.applovin.com

AppLovin (APP) Performance