General Atlantic (LFTO) funds add 1.3M IPO shares in Liftoff Mobile
Rhea-AI Filing Summary
Liftoff Mobile, Inc. reported a large insider purchase tied to its initial public offering. Investment vehicles associated with General Atlantic bought 1,304,347 shares of Common Stock at $23.00 per share in the IPO that closed on June 5, 2026.
The shares were acquired by General Atlantic (LFT), L.P. and are indirectly attributed to several General Atlantic funds and general partners. After this open-market IPO purchase, the reporting group shows 25,315,646 shares held indirectly, with certain committee members disclaiming ownership beyond their pecuniary interest.
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Insights
General Atlantic-related funds made a sizable IPO purchase in Liftoff, expanding their indirect holdings.
Entities affiliated with General Atlantic purchased 1,304,347 shares of Liftoff Mobile common stock at $23.00 per share in the company’s initial public offering on June 5, 2026. The transaction is coded as an open-market purchase, indicating active buying rather than a grant or restructuring.
Following this trade, the filing shows indirect ownership of 25,315,646 shares by the reporting group. Footnotes detail a complex structure of funds and general partners that share beneficial ownership, while members of the GA Partnership Committee disclaim ownership except for any pecuniary interest. This suggests the position is held at the fund level rather than by individuals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.0001 per share | 1,304,347 | $23.00 | $30.00M |
Footnotes (1)
- The shares of Common Stock were purchased by General Atlantic (LFT), L.P. ("GA LFT") in the Issuer's initial public offering, which closed on June 5, 2026, at a price of $23.00. The following investment funds share beneficial ownership of the common shares held of record by GA LFT (collectively, the "GA Funds"): General Atlantic Partners 100, L.P. ("GAP 100"), General Atlantic Partners (Lux) SCSp ("GAP Lux"), GAP Coinvestments III, LLC ("GAPCO III"), GAP Coinvestments IV, LLC ("GAPCO IV"), GAP Coinvestments V, LLC ("GAPCO V") and GAP Coinvestments CDA, L.P. ("GAPCO CDA"). (Cont'd in FN3) (Cont'd from FN2) General Atlantic (SPV) GP, LLC ("GA SPV") is the general partner of GA LFT. General Atlantic, L.P. ("GA LP") is the sole member of GA SPV. The general partner of GAP Lux is General Atlantic GenPar (Lux) SCSp ("GA GenPar Lux"), and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a. r.l. ("GA Lux"). The sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P. ("GenPar Bermuda"). (Cont'd in FN4) (Cont'd from F3) GA LP, which is controlled by the Partnership Committee of GASC MGP, LLC (the "GA Partnership Committee"), is the managing member of GAPCO III, GAPCO IV, and GAPCO V and the general partner of GAPCO CDA. GAP (Bermuda) LP ("GAP Bermuda"), which is also controlled by the Partnership Committee, is the general partner of GenPar Bermuda. The general partner of GAP 100 is General Atlantic GenPar, L.P. ("GA GenPar"), and the general partner of GA GenPar is GA LP. There are six members of the GA Partnership Committee. Each of the members of the GA Partnership Committee disclaims ownership of the shares except to the extent that he has a pecuniary interest therein.