The conflict between GEO Group Inc has eased, opening up the IPO window. Liftoff (LFTO.US) has restarted the process of listing on the US stock market.

AI mobile advertising unicorn Liftoff Just two months after withdrawing its previous listing application, Mobile has once again submitted its initial public offering (IPO) application. The company plans to list on Nasdaq with the ticker symbol LFTO. Goldman Sachs, J.P. Morgan, and Morgan Stanley are the co-underwriters for this transaction. According to documents submitted to the U.S. Securities and Exchange Commission on Friday, the Blackstone-backed company is expected to generate revenue of $685.7 million by 2025, with a net loss of $23.1 million, compared to revenue of $519.3 million and a net loss of $48.2 million the previous year. Liftoff specializes in mobile in-app advertising placement services. In February of this year, the company was about to finalize its IPO offering price and planned to raise up to $762 million, but suddenly halted the listing. At that time, market concerns about the impact of artificial intelligence on the software sector led to a collective sell-off of software stocks, causing the company to terminate its IPO plans. A statement at the time showed that the company secretly resubmitted its listing application just weeks after postponing the listing. Liftoff uses its internally developed neural network-driven artificial intelligence prediction model Cortex to generate core advertising revenue. Its platform had approximately 1.4 billion daily active users worldwide in the fourth quarter of last year. AppLovin, another company in the mobile app marketing field, has seen its stock price drop nearly 35% from its peak in December of last year; however, since the end of 2022, its stock price has accumulated a gain of over 4400%. Blackstone acquired a majority stake in Liftoff in 2021. According to the submitted documents, it is expected that the company will no longer hold a controlling stake after the IPO. Last year, General Atlantic acquired a minority stake in Liftoff, valuing the company at $4.3 billion. Lukas Muehlbauer, research assistant at IPOX, said, "Liftoff's immediate submission of the listing application clearly indicates its desire to take advantage of the easing of tensions in Iran and the reopening of the IPO window." He also added that the recent rebound in software and tech stocks, along with the rise in industry ETFs, has further boosted issuers' willingness to go public. Some investors believe that the sector is currently oversold, increasing the attractiveness of new listings companies.