Business Wire
AppLovin Corporation ("AppLovin"), a global technology platform that provides developers a unified set of tools to grow their business, today announced the pricing of its initial public offering of 25,000,000 shares of its Class A common stock at a price of $80.00 per share. AppLovin is offering 22,500,000 shares of its Class A common stock and KKR Denali Holdings L.P. is offering 2,500,000 shares of Class A common stock. In connection with the offering, the underwriters will have a 30-day option to purchase up to an additional 3,750,000 shares from KKR Denali Holdings L.P. AppLovin will not receive any proceeds from the sale of shares by KKR Denali Holdings L.P. AppLovin’s Class A common stock is expected to begin trading on the Nasdaq Global Select Market on April 15, 2021 under the symbol "APP" and the offering is expected to close on April 19, 2021, subject to customary closing conditions.