Tech

KKR-backed mobile gaming company AppLovin closes down 18.5% on its first day of trading, after raising $2B in its IPO at a valuation of $28.6B (Megan Graham/CNBC)


Megan Graham / CNBC:

KKR-backed mobile gaming company AppLovin closes down 18.5% on its first day of trading, after raising $2B in its IPO at a valuation of $28.6B  —  – Nine-year-old AppLovin, which has a portfolio of mobile games and also sells marketing services to game companies, began trading Thursday.

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