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AppLovin Announces Launch Of Secondary Offering

AppLovin Corporation , a leading marketing software company, announced that certain of AppLovin’s stockholders, including KKR Denali Holdings L.P , intend to offer for sale in an underwritten secondary offering 6,500,000 shares of the Company’s Class A common stock. KKR Denali Holdings L.P. will also grant the underwriters a 30-day option to purchase up to an additional 975,000 shares of Class A common stock. The Selling Stockholders will receive all of the proceeds from the offering. AppLovin is not offering any shares of its common stock in the offering.

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PREDICTIONS-SERIES-2022

J.P. Morgan, BofA Securities, Citigroup and Morgan Stanley will act as lead book-running managers for the offering. Credit Suisse, UBS Investment Bank and Goldman Sachs & Co. LLC will act as additional book-running managers for the offering. Oppenheimer & Co. Inc., Stifel, William Blair, LionTree, LUMA Securities, The Raine Group, Blaylock Van, LLC, Guzman & Company, Roberts & Ryan and R. Seelaus & Co., LLC will act as co-managers for the offering.

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A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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