KKR-backed AppLovin falls 12.5% in Nasdaq debut, valued at over $25 bln

Playtika Holding

15/04/2021 17:42

April 15 (Reuters) - Shares of AppLovin Corp  APP.O  slumped
12.5% in their U.S. stock market debut on Thursday, giving the
KKR & Co Inc-backed  KKR.N  mobile app and gaming company a
market capitalization of more than $25 billion. 

 (Reporting by Sohini Podder in Bengaluru; Editing by Aditya
Soni)
 ((sohini.podder@thomsonreuters.com;))