Fenwick Represents Underwriters in Secondary Public Offering of Common Stock and Concurrent Share Repurchase by AppLovin Corporation

Fenwick is representing the underwriters in the registered secondary offering of 19,866,397 shares of Class A common stock of AppLovin Corporation (Nasdaq: APP), a leading market platform, owned by KKR Denali Holdings L.P. (KKR). Concurrent with the offering, AppLovin intends to repurchase approximately $570.0 million of Class A common stock being offered by KKR in the transaction at the same per share price to be paid by the underwriters to KKR.

BofA Securities is acting as the lead book-running manager for the offering. BTIG, Evercore ISI, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup, LionTree, Loop Capital Markets, Moelis, Piper Sandler, and The Raine Group are acting as book-running managers for the offering. American Veterans Group, PBC, AmeriVet Securities, Bancroft Capital, Blaylock Van, LLC, C.L. King & Associates, MFR Securities, Inc., Mischler Financial Group, Inc. and Stern are acting as co-managers for the offering. More information can be obtained from the news announcement.

The Fenwick transaction team includes corporate partners Ran Ben-Tzur and Jennifer Hitchcock and associates Beth Clarke, Christian Choi, Susan Lee and Sarah Marshall.