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UPDATE 1-Blackstone-backed Liftoff Mobile postpones US listing, Bloomberg News reports
Blackstone Inc. BX | 106.78 | +4.56% |
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Feb 5 (Reuters) - Blackstone-backed Liftoff Mobile has postponed its planned U.S. listing, Bloomberg News reported on Thursday, citing people familiar with the matter.
The shelved-IPO plans come amid a selloff in software and IT-linked stocks, as investors fear disruption from the latest generative AI offerings from the likes of Anthropic and its Claude Cowork.
More than $800 billion has been wiped from the S&P 500 software and services index's .SPLRCIS market cap since January 28, as investors weigh whether AI has shifted from a tailwind for many of these companies to a potential disruptor.
Details may change and the offering could be rescheduled at a later date, the Bloomberg report added.
Reuters could not immediately verify the report. Blackstone and Liftoff did not immediately respond to our requests for comment.


