SoftBank-backed digital advertising firm InMobi IPO moves closer. The Bengaluru-headquartered startup selected 4 major investment banks to handle its upcoming share sale. The adtech unicorn appointed JPMorgan Chase, Jefferies Financial Group, Kotak Mahindra Capital, and Axis Capital to direct the public launch. Market sources indicate that the enterprise wants to raise $1 billion through this primary offer. The public issue could enter the domestic market within the next few months, subject to market conditions.
Other InMobi IPO and Company Details
The enterprise is currently moving its corporate domicile from Singapore to India ahead of the stock exchange filing. Earlier Bloomberg reports indicated that the company aims for a market valuation between $5 billion and $6 billion. Internal targets discussed in previous industry reports aimed for a valuation of $8 billion to $10 billion. Representatives for InMobi and the lead banks declined to comment or did not respond to queries.
Naveen Tewari founded InMobi in 2027 as a mobile advertising platform. The enterprise evolved into an artificial intelligence-driven advertising and consumer technology group operating across multiple international markets. Completing this public issue will make InMobi one of the earliest Indian startup unicorns to list on domestic bourses.
InMobi IPO Objectives
The primary proceeds will support general business expansion and operational growth in advertising and media segments. This upcoming listing adds to a strong pipeline of venture-backed tech startups preparing for domestic listings. Other prominent names in the public offering pipeline include National Stock Exchange of India, Zepto, Jio Platforms, and Manipal Health Enterprises. Indian public offerings raised about $5 billion this year amid geopolitical volatility, following two consecutive record-setting years where annual collections topped $20 billion each.
Disclaimer: This news report reviews InMobi IPO preparations. Stock market investments carry capital risks, so consult an authorized financial advisor before investing money in shares.