Connect with us

Technology

Liftoff Announces Pricing of Initial Public Offering

Published

5 hours ago

on

REDWOOD CITY, Calif., June 3, 2026 /PRNewswire/ — Liftoff Mobile, Inc. (“Liftoff”), a global leader in performance marketing and monetization solutions for the app economy, today announced the pricing of its initial public offering of 19,000,000 shares of its common stock at a public offering price of $23.00 per share. Liftoff has granted the underwriters a 30-day option to purchase up to an additional 2,850,000 shares of its common stock to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Select Market on June 4, 2026, under the ticker symbol “LFTO.” The offering is expected to close on June 5, 2026, subject to the satisfaction of customary closing conditions.

Liftoff intends to use the proceeds (net of underwriting discounts and commissions) from the offering (including from any sales of shares pursuant to any exercise by the underwriters of their option to purchase an additional 2,850,000 shares) to repay outstanding indebtedness under its senior secured term loan facility and the remainder for general corporate purposes and to bear all of the expenses of the offering.

Investment funds affiliated with General Atlantic, L.P. (“General Atlantic”) have been allocated approximately 1,300,000 shares of common stock in the offering.

Goldman Sachs & Co. LLC, Jefferies and Morgan Stanley will act as joint lead book-running managers for the proposed offering. Barclays, RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, William Blair, Cantor, Deutsche Bank Securities, PJT Partners, Wolfe | Nomura Alliance, BTIG, Needham & Company and Raymond James will act as joint book-running managers. Blackstone Capital Markets, MUFG, Stifel, LUMA Securities, Bancroft Capital, Cabrera Capital Markets LLC, Drexel Hamilton, Independence Point Securities and Tigress Financial Partners will act as co-managers.

Liftoff has filed a registration statement including a preliminary prospectus with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus in that registration statement for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus if you request it by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at prospectus_department@jefferies.com; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department; or by email at prospectus@morganstanley.com. You may also access the preliminary prospectus for the offering via the following link: https://www.sec.gov/Archives/edgar/data/1850351/000119312526253016/iron_s-1a_3_round_2.htm.    

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include all statements that are not historical facts. These statements may include words such as “aim,” “anticipate,” “assume,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “foreseeable,” “guidance,” “intend,” “likely,” “may,” “objectives,” “outlook,” “plan,” “potentially,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or variations of these terms and similar expressions, or the negative of these terms or similar expressions. These forward-looking statements include any statements regarding the commencement of trading of Liftoff’s common stock on the Nasdaq Global Select Market, Liftoff’s intended use of proceeds from the offering and the anticipated closing date. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors include but are not limited to those described under “Risk Factors” in Liftoff’s registration statement on Form S-1, as amended, relating to the initial public offering. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the registration statement. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About Liftoff

Liftoff is a leading growth and monetization engine built for the mobile app economy. Its AI-powered platform, Cortex, unifies marketing, creative, and monetization to deliver measurable performance at scale across the app lifecycle. Liftoff enables advertisers to unlock profitable user growth while helping app publishers maximize revenue with advanced ad monetization technology. Founded in 2012 and headquartered in Redwood City, California, Liftoff supports a diverse, global customer base across gaming, consumer, and emerging app categories.

Contacts

Media Relations
Natalie Breitbach
press@liftoff.ai

Investor Relations
investors@liftoff.ai

View original content:https://www.prnewswire.com/news-releases/liftoff-announces-pricing-of-initial-public-offering-302790886.html

SOURCE Liftoff

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Traveloka 6.6 Mid-Year Sale: Flight, Hotel and Attraction Deals from RM66 for Malaysian Travelers

Published

32 minutes ago

on

June 4, 2026

By

Traveloka’s 6.6 Mid-Year Sale: Flights, Hotels and Activities from RM66

KUALA LUMPUR, Malaysia, June 4, 2026 /PRNewswire/ — Traveloka, Southeast Asia’s all-in-one travel tech platform, today announced its 6.6 Mid-Year Sale that runs from 5 to 9 June 2026, offering Malaysian travelers flight deals from RM66 to Penang, Langkawi, Kota Kinabalu, Kuching, Krabi and Phuket; hotel flash sales from RM66 a night; buy-2 attraction deals; and an RM166 coupon drop on 6 June.

When do the deals drop?

Coupons are released at scheduled times daily from 5 to 9 June (Malaysia time):

Time (MYT)

Deal

12.00am (daily)

Flight flash sale to Thailand and Malaysia from RM66

9.00am (daily)

Flight flash sale to Thailand and Malaysia from RM66

12.00pm (daily)

Buy-2 attraction deals from RM66

7.00pm (daily)

Hotel flash sales from RM66 per night

9.00pm (6 June only)

RM166 coupon drops

Flight flash sales feature routes to Penang, Langkawi, Kota Kinabalu, Kuching, Krabi, and Phuket. Attraction bundles cover family destinations including Aquaria KLCC, Berjaya Times Square Theme Park, and Zoo Negara. Evening hotel flash sales include properties such as Lloyd’s Inn and Wyndham Ion Majestic Hotel.

Airline Coupons

The campaign also features substantial discounts for flights through partnerships with the likes of:

Airline

Discount Offer

Minimum Spend

Code

Malaysia Airlines

RM100 Off

RM200

100MH

China Eastern Airlines

RM150 Off

No min. spend

150MU

Hainan Airlines

RM120 Off

No min. spend

120HU

Xiamen Airlines

RM50 Off

RM900

FLYMF

Thailand deals: 20% off flights and hotels for stays of 6 nights or more

Travelers booking flights and hotels to destinations in Thailand can apply a 20% discount on bookings with a minimum stay of 6 nights. Valid across the 5 to 9 June sale period.

Payment partner discounts and cruise deals

Payment partner coupons: Up to RM100 off with Maybank, UOB, Hong Leong Bank, HSBC, Boost PayFlex, and Touch ‘n GoDisney Cruise Line bookings: Up to 20% offGeneral cruise bookings: 8% off, with savings of up to RM2,500

How to redeem

Malaysian travelers can access the deals from 5 June 2026 via the Traveloka mobile app or website. Coupon codes are applied at checkout. Flash sales are time-limited and subject to availability.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/traveloka-6-6-mid-year-sale-flight-hotel-and-attraction-deals-from-rm66-for-malaysian-travelers-302791045.html

SOURCE Traveloka

Continue Reading

Technology

LITEON Partners With SUTD and Its Spinoff NeuroRAN to Drive AI-RAN Innovation, Advancing Real-Time Edge AI Commercialization over 5G

Published

32 minutes ago

on

June 4, 2026

By

TAIPEI, June 4, 2026 /PRNewswire/ — LITEON Technology announced a major milestone in AI-RAN innovation through its collaboration with the Singapore University of Technology and Design (SUTD) and SUTD’s spinoff company, NeuroRAN at COMPUTEX 2026. The joint demonstration showcases how AI can be natively integrated into 5G Radio Access Networks (RAN), enabling real-time, privacy-preserving, and energy-efficient edge AI applications.

At the core of the solution is dynamic AI model partitioning. LITEON provides the high-performance O-RU (Radio Unit) integrated with the AI-RAN infrastructure, while SUTD develops AI applications leveraging advanced deep learning models such as the Swin Transformer for real-time video object detection. The solution runs on NVIDIA AI infrastructure, integrating NVIDIA AI Aerial software and high-performance computing to tightly couple AI with 5G networks.

A key innovation is the use of AI-driven spectrum sensing to inform decisions to dynamically distribute AI workloads between user equipment (UE) and edge/cloud environments based on real-time network conditions. Compared with traditional fixed partitioning, this approach significantly reduces latency, optimizes energy consumption, and ensures that sensitive data remains on-device, enhancing both privacy and performance.

The demonstration also integrates a distributed UPF (dUPF) with the 5G core network, further reducing end-to-end latency and strengthening edge AI deployment capabilities for real-world applications such as smart cities, intelligent surveillance, and industrial automation.

Richard Chiang, General Manager of LITEON’s Smart Life Application Strategic Business Unit, said: “Through our collaboration with SUTD and NeuroRAN, we are accelerating AI-RAN from vision to commercialization. By combining LITEON’s expertise in O-RAN and radio infrastructure with advanced NVIDIA AI platforms and applications, we aim to deliver more flexible and efficient network architectures for telecom operators and enterprises.”

Chen Bin Bin, Associate Professor at SUTD and Deputy Director of the Future Communications R&D Programme (FCP), said: “SUTD and our spinoff company, NeuroRAN, are thrilled to partner with LITEON in developing this cutting-edge AI-RAN demonstration. It showcases how intelligent 5G networks can play a key role in enabling new physical AI use cases.”

Looking ahead, LITEON will continue to expand its AI-RAN ecosystem partnerships and accelerate the deployment of real-time AI applications. In addition to AI-RAN commercialization, LITEON plans to provide telecom operators with a flexible AI development environment leveraging NVIDIA DGX Spark platforms, enabling operators to accelerate the research, validation, and deployment of next-generation edge AI applications and services. By utilizing DGX Spark for AI model development and small-scale testing, telecom operators can rapidly prototype innovative AI-driven use cases before scaling them across commercial 5G and future network infrastructures.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/liteon-partners-with-sutd-and-its-spinoff-neuroran-to-drive-ai-ran-innovation-advancing-real-time-edge-ai-commercialization-over-5g-302791054.html

SOURCE LITEON Technology

Continue Reading

Technology

SynaXG, Aethertek, and Metanoia Announce Industry’s Powered FR2 Open RAN Solution

Published

32 minutes ago

on

June 4, 2026

By

TAIPEI, June 4, 2026 /PRNewswire/ — SynaXG, Aethertek, and Metanoia today announced the industry’s powered end-to-end AI-RAN-enabled FR2 5G network solution, integrating SynaXG’s AI-RAN Central Unit (CU) and Distributed Unit (DU) software running on Nvidia DGX Spark AI servers with Metanoia and Aethertek’s advanced FR2 radio platform.

The solution delivers a fully integrated AI-RAN architecture combining cloud-native RAN intelligence, high-performance FR2 radio technology, and accelerated deployment capabilities for OEM and ODM partners.

“Metanoia is our premier radio technology partner for both FR1 and FR2 solutions,” said Xin Huang, CEO of SynaXG. “By working closely with Metanoia, our CU/DU solutions for AI-RAN are fully pre-integrated with Metanoia reference platforms. This provides out-of-the-box pre-integration for advanced features such as Zero-Touch Provisioning, FR2 beam steering, and NR-DC to all of Metanoia’s ODMs customers, greatly enabling their TTM by using Metanoia’s semi-turnkey SDK.” 

At the heart of the solution is Albizia, a jointly developed FR2 radio platform featuring Metanoia’s MT2824 5G baseband SoC, MT3812 IF/RF transceiver, and Aethertek’s Nova Antenna-in-Module (AiM) technology.

“The Albizia FR2 development platform co-developed with Aethertek and Metanoia and integrated with SynaXG AI-RAN CU/DU servers brings full-featured FR2 to ODM partners, including beam steering and NR-DC end-end solution,” said Perry Lin, Director of Business Development at Aethertek. “This meets end-customer system feature expectations with very quick TTM.” 

The combined solution supports key advanced 5G capabilities, including:

400 MHz FR2 channel bandwidthEnd-to-end beam steering controlNR Dual Connectivity (NR-DC)Simultaneous FR1 and FR2 connectivity for enhanced user throughput and coverageAI-RAN deployment on GPU-accelerated server infrastructure

“We are excited to partner with SynaXG and Aethertek to bring AI-RAN and FR2 innovation to the market,” said Dr. Stewart Wu, CEO of Metanoia. “Combining Metanoia’s 5G silicon, Aethertek’s mmWave antenna, and SynaXG’s AI-native CU/DU platform, Albizia enables ODMs to rapidly develop next-generation wireless infrastructure.”

About Metanoia
Metanoia Communications specializes in Software-Defined Radio (SDR) and integrated 5G chipsets for Open RAN. Its silicon and software accelerate product development while ensuring compliance with 3GPP and O-RAN standards.

Contact
sales@metanoia-comms.com

About SynaXG
SynaXG is a Singapore-based pioneer in AI-native Radio Access Networks (AI-RAN). Its platform combines 5G RAN and AI workloads on commercial hardware, enabling efficient networks for 5G-Advanced and 6G.

Contact
contact@synaxg.com

About Aethertek
Aethertek develops mmWave and phased-array antenna solutions for wireless networks. Its FR2 and antenna integration expertise enables customers to deploy high-performance, open, interoperable 5G infrastructure.

Contact
Perrylin@aether-tek.com

Photo – https://mma.prnewswire.com/media/2994152/Screenshot_2026_06_03_at_4_54_18_PM.jpg

View original content:https://www.prnewswire.com/in/news-releases/synaxg-aethertek-and-metanoia-announce-industrys-powered-fr2-open-ran-solution-302791063.html

Continue Reading

Trending