On February 29, 2024, AppLovin Corporation, a leading marketing platform, announced the pricing of an underwritten registered secondary offering of 19,866,397 shares of its Class A common stock by KKR Denali Holdings L.P. (the selling stockholder), at a price to the public of $56.00 per share. In addition, AppLovin agreed to repurchase from the underwriters approximately $570.0 million of the shares of Class A common stock being offered in the offering at the same per share price to be paid by the underwriters to the selling stockholder in the offering. Wilson Sonsini Goodrich & Rosati advised AppLovin on the transaction.
BofA Securities acted as the lead book-running manager for the offering. BTIG, Evercore ISI, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup, LionTree, Loop Capital Markets, Moelis, Piper Sandler, and The Raine Group acted as book-running managers for the offering. American Veterans Group, PBC, AmeriVet Securities, Bancroft Capital, Blaylock Van, LLC, C.L. King & Associates, MFR Securities, Inc., Mischler Financial Group, Inc., and Stern acted as co-managers for the offering.
The Wilson Sonsini team that advised AppLovin on the transaction includes:
Corporate
Rezwan Pavri
Colin Conklin
Anna Mascoli
Matt Maricic
Caiti VerBrugge
For more information, please see AppLovin’s press release.