Liftoff, which is backed by Blackstone, has raised $437m in its revived US initial public offering, pricing above the marketed range and marking a successful return to the public markets after an earlier attempt was withdrawn, according to a report by Bloomberg.
The company sold 19 million shares at $23 each, above its $20–$22 indicative range, implying a valuation of approximately $3.83bn based on outstanding shares disclosed in its filings.
The listing represents Liftoff’s second attempt at go...
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