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KKR-Backed Applovin Files for Nasdaq Listing After Posting Loss

March 3, 2021, 12:40 AM

Mobile apps company Applovin Corp. filed for a U.S. initial public offering, disclosing that it flipped from a profit to a loss last year despite revenue gains.

The Palo Alto, California-based company in its filing Tuesday listed the amount of the IPO as $100 million, a placeholder that will likely change. The number of shares and their proposed price range will be disclosed in a later filing with the U.S. Securities and Exchange Commission.

Applovin has completed several acquisitions to scale up in recent years. It announced in May that it was acquiring game-maker Machine Zone, which people familiar with ...