KKR-backed AppLovin raises $2 billion in IPO -source reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
AppLovin Offers Shares in IPO at Estimated $75 to $85
AppLovin s initial public offering could value the mobile application and gaming company at $30 billion.
Author:
Apr 7, 2021 4:05 PM EDT
AppLovin said Wednesday it was offering 22.5 million Class A common shares in its initial public offering at an estimated $75 to $85 each, a deal that could value the mobile application and gaming company at $30 billion.
The Palo Alto, Calif., company said in a regulatory filing that a holder is also selling 2.5 million shares. And the holder gave the underwriters on option on 3.8 million more shares if demand for the deal requires. AppLovin is critical to the success of mobile app developers, in particular mobile game developers, solving key marketing and monetization challenges, the company said in its filing.
Despite French football fiasco, Chinese-controlled Mediapro keeps La Liga happy Madrid (AFP) – A pariah in France after the spectacular collapse of its contract with Ligue 1, troubled Chinese-Spanish broadcaster Mediapro has salvaged its ties with Spanish football league despite its battered reputation.
A TV and film producer majority-owned by a Chinese investment fund, Mediapro has pursued an aggressive expansion strategy in European sports and in 2018 won the broadcast rights to French football with a record bid.
Although the disintegration of that contract last autumn attracted attention in France’s presidential palace, it has made little noise in Spain, where Mediapro holds some rights to most La Liga matches and to the main international championships.