Blackstone-Backed Liftoff Mobile Seeks $762 Million in US IPO

Liftoff Mobile Inc., a Blackstone Inc.-backed company that helps place ads within mobile applications, is seeking to raise as much as $762 million in an initial public offering.

The company is offering 25.4 million shares for $26 to $30 each, according to a Thursday filing with the US Securities and Exchange Commission. The top of the price range represents a market valuation of $5.2 billion, based on the outstanding shares listed in the filing.