Applovin announces gqg purchase of 15 million shares of class a common stock from kkr

Palo alto, calif.--(business wire)--applovin corporation (nasdaq: app) (“applovin” or the “company”), a leading marketing platform, today announced that kkr denali holdings l.p. (“kkr”) entered into an agreement with gqg partners llc (“gqg”), a leading global equity investment boutique, to sell 15,000,000 shares of applovin's class a common stock in a direct placement to client accounts managed by gqg. the transaction is expected to close on june 9, 2023. kkr will receive all of the proceeds fr.
APP Ratings Summary
APP Quant Ranking