KKR-backed AppLovin seeks to raise about $1 billion in U.S. IPO

(Reuters) – U.S. mobile app and gaming company AppLovin Corp, backed by private equity firm KKR & Co Inc, is looking to raise as much as $1 billion through an initial public offering in the United States, according to a regulatory filing.

Reuters reported in October that AppLovin had hired Morgan Stanley to lead the IPO, citing people familiar with the matter. reut.rs/3scQITi

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