The Liftoff, supported by Blackstone Group, resubmitted the IPO application in a confidential manner.

Mobile advertising platform operator Liftoff Mobile Inc. secretly resubmitted its application for listing on Tuesday night. Just under two weeks ago, the company had just postponed its IPO plan, which could have reached up to $762 million. According to the announcement released on Tuesday, the mobile app advertising company, backed by Blackstone Group, has submitted an IPO registration statement, but the number of shares to be issued and the price range have not yet been determined. Just a few hours ago, Liftoff had just withdrawn its previous listing application. Liftoff's withdrawal and resubmission of the application comes as the market sees a sharp decline in software stocks due to concerns about the impact of artificial intelligence, with its peers' stock prices plummeting: AppLovin Corp. down 44% year-to-date, Unity Software Inc. down 58%. Liftoff had listed these two companies as competitors in its IPO documents. According to sources familiar with the matter, other companies supported by Blackstone Group that plan to move forward with their IPOs in the coming months include sandwich chain brand Jersey Mike's Subs, real estate software company Entrata, and compressor manufacturer Copeland.