AppLovin (APP) Launches 6.5M Share Secondary Offering

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Go back to AppLovin (APP) Launches 6.5M Share Secondary Offering

AppLovin Announces Launch of Secondary Offering

December 2, 2021 4:12 PM EST

PALO ALTO, Calif.--(BUSINESS WIRE)-- AppLovin Corporation (Nasdaq: APP) (AppLovin), a leading marketing software company, today announced that certain of AppLovins stockholders, including KKR Denali Holdings L.P (the Selling Stockholders), intend to offer for sale in an underwritten secondary offering 6,500,000 shares of the Companys Class A common stock. KKR Denali Holdings L.P. will also grant the underwriters a 30-day option to purchase up to an additional 975,000 shares of Class A common stock. The Selling Stockholders will receive all of the proceeds from the offering. AppLovin is not offering any... More