Blackstone-Backed Liftoff Postpones IPO on Technology Selloff

Blackstone Inc.-backed Liftoff Mobile Inc. postponed its initial public offering, after tech stocks spiraled on concerns over the impact of artificial intelligence on operating companies.

Given current market conditions, the company is taking additional time before listing, according to an emailed statement from a company spokesperson Thursday confirming an earlier Bloomberg News report.

The company is encouraged by the strong interest and positive feedback from investors, and will pursue the public markets when timing and conditions best support the long-term vision, according to the statement.

The company had sought to raise as much as $762 million from the ...