UPDATE 1-Blackstone-backed Liftoff targets $3.7 billion valuation in US IPO

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May 29 (Reuters) - Liftoff is targeting a valuation of up to $3.66 billion in its initial public offering in the United States, the mobile app marketing firm said on Friday.

The Redwood City, California-based company is seeking to raise up to $418 million by offering 19 million shares priced between $20 and $22 each.

Liftoff will list on the Nasdaq under the symbol "LFTO".

Goldman Sachs, Jefferies and Morgan Stanley are the joint lead ​book-running managers.


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