Benzinga | Dec 3, 2021 09:29AM EST

AppLovin Announces Pricing Of Upsized Secondary Offering Of 7.5M Shares At $83/Share

AppLovin Corporation (NASDAQ:APP) ("AppLovin"), a leading marketing software company, today announced the pricing of its upsized underwritten offering of 7,500,000 shares of its Class A common stock, at a public offering price of $83.00 per share, with all shares offered by certain of AppLovin's stockholders, including KKR Denali Holdings L.P (the "Selling Stockholders"). KKR Denali Holdings L.P. has also granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of Class A common stock. The offering is expected to close on December 7, 2021, subject to customary closing conditions. The Selling Stockholders will receive all of the proceeds from the offering. AppLovin is not offering any shares of its common stock in the offering.

J.P. Morgan, BofA Securities, Citigroup and Morgan Stanley are acting as lead book-running managers for the offering. Credit Suisse, UBS Investment Bank and Goldman Sachs & Co. LLC are acting as additional book-running managers for the offering. Oppenheimer & Co. Inc., Stifel, William Blair, LionTree, LUMA Securities, The Raine Group, Blaylock Van, LLC, Guzman & Company, Roberts & Ryan and R. Seelaus & Co., LLC are acting as co-managers for the offering.

A registration statement relating to the sale of these securities was declared effective by the Securities and Exchange Commission on December 3, 2021. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained by contacting: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com; BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by email at dg.prospectus_requests@bofa.com; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146 or by email at prospectus@citi.com.

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.