San Francisco based mobile gaming giant AppLovin is valued at over $28 billion after raising nearly $2 billion in its US IPO. According toReuters the company will float on the NASDAQ (APP) at $80 per share. The company had targeted a $75- $85 share valuation on selling 25 million class A shares.

The company will be listed on the NASDAQ from Thursday, April 15th 2021.

AppLovin are one of the leading monetisation platforms used by mobile games companies worldwide. It also publishes games via it's in house publishing team Lion Studios and last year acquired mobile giant Machine Zone.