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ETF News

KKR-backed AppLovin falls 12.5% in Nasdaq debut, valued at over $25 bln

April 15 (Reuters) - Shares of AppLovin Corp slumped 12.5% in their U.S. stock market debut on Thursday, giving the KKR & Co Inc-backed mobile app and gaming company a market capitalization of more than $25 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Aditya Soni)

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