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Illustration: Annelise Capossela/Axios

Applovin, a mobile ad tech company that's expanded into video game publishing, has filed with the SEC to go public on the Nasdaq under the ticker symbol APP.

Why it matters: Applovin was one of the more high-profile casualties of CFIUS' heightened scrutiny of deals involving Chinese investors early on during Donald Trump's presidency.

By the numbers:

  • In 2020, the mobile ad tech firm saw a net loss of $125.93 million on $1.45 billion in revenue. In 2019, it had $119.04 million in profit on $994.1 million in revenue.
  • In 2020, the company counted 172 enterprise clients, defined as customers generating at least $125,000 in the trailing 12 months, and 1.5 million monthly active players (unique consumer mobile devices using one of its apps), generating $41 in monthly average revenue.
  • Applovin's biggest shareholders include Applovin's cofounders, KKR, Orient Hontai Capital, Angel Pride Holdings and Nimble Ventures.

Go deeper

Real estate company Compass files for IPO

Illustration: Sarah Grillo/Axios

Real estate software company Compass filed for its long-rumored IPO on Monday.

Why it matters: It's the latest company in SoftBank's Vision Fund portfolio to file for an IPO — a source of much of the megafund's good fortunes over the past year.

Trump's assault on Chinese tech left loose ends galore

Illustration: Sarah Grillo/Axios

President Trump's haphazard war on Chinese tech has left the Biden administration with a raft of unfinished business involving efforts to restrict Chinese firms and products in U.S. markets.

Why it matters: The Chinese and American tech industries are joined at the hip in many ways, and that interdependence has shaped decades of prosperity. But now security concerns and economic rivalries are wrenching them apart.

House passes government funding, debt ceiling bill

Speaker Nancy Pelosi. Photo by Kevin Dietsch/Getty Images

The House passed a bill on Tuesday to fund the government through early December, along with a measure to raise the debt ceiling through December 2022.

Why it matters: The stopgap measure, which needs to be passed to avoid a government shutdown when funding expires on Sept. 30, faces a difficult journey in the Senate where at least ten Republicans would need to vote in favor.