Share InMobi has taken a significant step towards its public market debut by appointing a consortium of investment banks to manage its planned initial public offering (IPO), which is expected to raise nearly US$1 billion. According to reports, the company has appointed JPMorgan Chase, Jefferies Financial Group, Kotak Mahindra Capital, and Axis Capital to lead the offering. The IPO process is expected to commence in the coming months, with InMobi targeting a valuation of approximately US$5–6 billion. The plans remain subject to market conditions and regulatory approvals. Founded in 2007 by Naveen Tewari, InMobi became India’s first unicorn in 2011 after receiving investment from SoftBank. Over the years, the company has expanded beyond mobile advertising into AI-powered consumer technology, operating businesses such as Glance, which delivers lock-screen content experiences to millions of users globally. As part of its IPO preparations, InMobi is completing its re-domiciling from Singapore to India, aligning its corporate structure with its planned domestic listing. The move reflects a growing trend among Indian technology companies returning their headquarters to India ahead of public offerings. The proposed IPO is expected to be one of the largest technology listings in India this year and comes as several prominent startups prepare to tap the capital markets. A successful listing would further strengthen India’s technology ecosystem and mark another milestone in the evolution of homegrown global technology companies. Post navigation Hyper Appoints Vineet Gambhir as Chief Human Resources Officer Graphite India Appoints Dhaval Morparia as Senior Vice President & CHRO
