Mobile gaming company AppLovin raises $1.8B in IPO

Mobile gaming company AppLovin has raised $1.8 billion in its initial public offering on Thursday, giving it a market capitalization of $28.6 billion.Credit: AppLovinThe company's market valuation marks one of the biggest public debuts of 2021 thus far. Backed by private equity group KKR, AppLovin is known for App Store hits such as 'Matchington Mansion' and 'Wordscapes.' It also sells marketing software to other developers. Read more...