InMobi appoints four banks for $1 billion IPO: Reports
According to reports, the company has selected JPMorgan Chase, Jefferies, Kotak Mahindra Capital and Axis Capital to lead the offering
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Published: Jul 22, 2026 5:45 PM | 1 min read
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- InMobi, a mobile advertising technology company, is proceeding with its initial public offering (IPO) aimed at raising approximately $1 billion.
- The company has appointed JPMorgan Chase, Jefferies, Kotak Mahindra Capital, and Axis Capital to manage the share sale, with the IPO process expected to start later this week.
- InMobi, backed by SoftBank Group, is targeting a valuation between $5 billion and $6 billion, positioning it among mid-sized publicly listed tech firms in India.
- The company is also reportedly shifting its domicile from Singapore to India in preparation for the public offering, although the listing plans are still being finalized and may change.
Mobile advertising technology company InMobi is reportedly moving ahead with its planned initial public offering (IPO), appointing four investment banks to manage the share sale that is expected to raise around $1 billion over the coming months.
According to reports, the company has selected JPMorgan Chase, Jefferies, Kotak Mahindra Capital and Axis Capital to lead the offering. The IPO process is expected to begin later this week, people familiar with the development reportedly said.
Backed by SoftBank Group, InMobi is said to be targeting a valuation of between $5 billion and $6 billion through the proposed listing. Bloomberg had earlier reported that such a valuation would position the company among the mid-sized publicly listed technology firms in India.
The company is also reportedly in the process of shifting its domicile from Singapore to India ahead of the public issue. However, the listing plans are still being finalised and remain subject to change.
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