On December 3, 2021, AppLovin Corporation, a leading marketing software company, announced the pricing of its underwritten public 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 offering was upsized from a previously announced offering size of 6,500,000 shares. Wilson Sonsini Goodrich & Rosati advised AppLovin on the transaction.

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. AppLovin will not receive any proceeds from any sales of shares by the selling stockholders.

The Wilson Sonsini team that advised AppLovin on the offering includes Rezwan Pavri, Andy Hill, Gordon Grafft, Alex Kwok, Matt Maricic, and Caiti VerBrugge.

For more information, please see AppLovin’s press release.