Blackstone-Backed Ad Tech Firm Liftoff Withdraws IPO Filing

Liftoff Mobile Inc. withdrew its IPO filing, less than two weeks after the mobile advertising platform operator said it was postponing plans to raise as much as $762 million.

The Blackstone Inc.-backed mobile app advertising platform requested the withdrawal of its initial public offering registration in a US Securities and Exchange Commission filing Tuesday, without specifying a reason for the decision.