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AppLovin also goes publicINTL

AppLovin also goes public

Mobile tech startup AppLovin, which provides tools for mobile app developers and offers a portfolio of 200 mobile games (for free!), is also filing to go public.

The KKR-backed, Palo Alto-based company reported $1.45b in sales in 2020, which is not too shabby for a startup that falls somewhere between the video game and software development worlds (it’s tempting to play on two fields these days, we must admit).

AppLovin listed the value of its IPO at $100m, although that’s just a placeholder until they announce the actual number of shares and price range.

why it matters
AppLovin joins the increasingly crowded queue of companies filing for public offerings in the video game sphere, like Roblox and Unity Technologies (U).