KKR-backed gaming company AppLovin targets a $30 billion valuation for its US IPO

KKR-backed AppLovin is targeting a $30 billion valuation for its US IPO, Reuters reported. AppLovin plans to raise $2.13 billion by selling 25 million shares between $75 to $85 each. The mobile-gaming company applied to list under the Nasdaq ticker symbol "APP." See more stories on Insider's business page. Mobile-gaming...