Liftoff Mobile, Inc.·4

Jun 9, 8:43 PM ET

GAP COINVESTMENTS III, LLC 4

Research Summary

AI-generated summary

Updated

Liftoff (LFTO) — General Atlantic (10% Owner) Buys $30M in IPO Stock

What Happened

  • General Atlantic (LFT), L.P., a reported 10% owner, purchased 1,304,347 shares of Liftoff Mobile, Inc. common stock at $23.00 per share in Liftoff’s initial public offering on June 5, 2026. The purchase value was $29,999,981. This was a purchase (institutional IPO allocation), not a sale.

Key Details

  • Transaction date: 2026-06-05; Price: $23.00 per share; Shares acquired: 1,304,347; Total value: $29,999,981.
  • Filing date / report period: Form 4 filed June 9, 2026, reporting the June 5 transaction.
  • Shares owned after transaction: not specified in the Form 4 provided.
  • Footnotes: Filing states the shares were purchased in the issuer’s IPO and lists the complex ownership/control chain among General Atlantic funds and entities (several GA funds, GP/LPs and partnership committees). The entities may be deemed a "group," but each reporting person disclaims beneficial ownership of shares they do not directly own.
  • Transaction code: P = Purchase (IPO allocation).

Context

  • This is an institutional purchase tied to the company’s IPO—common for investors participating in an offering and typically reflects an allocation rather than an individual executive buying stock.
  • Purchases in an IPO by a 10% owner are informative about investor demand but do not necessarily signal management sentiment; the filing is primarily a disclosure of ownership.