Blackstone Seeks ¥100bn for SP.LINKS, Liftoff Mobile IPO Raises $437m
BX•Blackstone is considering a mid-July auction of SP.LINKS, acquired in January 2024 for about Y40bn, seeking roughly Y100bn ($625m) with SoftBank Corp. and a private equity fund shortlisted. Blackstone-backed Liftoff Mobile sold 19 million shares at $23 apiece in its US IPO, raising $437m and securing a valuation of $3.83bn.
1. SP.LINKS Auction Process
Blackstone is soliciting second-round bids around mid-July for SP.LINKS, its Japan-based payments unit acquired in January 2024 for Y40bn in an 80% stake. The firm is targeting approximately Y100bn ($625m) for the asset, with SoftBank Corp. and a private equity fund among the finalists.
2. Liftoff Mobile IPO
Blackstone-backed Liftoff Mobile raised $437m by selling 19 million shares at $23 each in its U.S. initial public offering, achieving a valuation of $3.83bn. The company, formed in 2021 through the merger of Liftoff and Vungle, provides app developers with user acquisition, engagement, and monetization tools.
