InMobi Eyes $1 Billion IPO: Adtech Giant Ropes In Four Top Bankers

Bengaluru-headquartered adtech unicorn InMobi is officially moving forward with its highly anticipated $1 billion Initial Public Offering (IPO), having brought on board four major investment banks: JPMorgan Chase & Co., Jefferies Financial Group Inc., Kotak Mahindra Capital Co., and Axis Capital Ltd.. This significant step, with the IPO process expected to begin later this week, positions InMobi to seek a valuation between $5 billion and $6 billion, marking a crucial moment for one of India's pioneering tech companies. This move comes as InMobi undertakes a strategic re-domiciliation from Singapore back to India, aiming to list on domestic exchanges and attract a broader base of Indian institutional investors.. The company, which gained 'unicorn' status back in 2011 with an investment from SoftBank, has recently diversified its offerings and acquired mobile app marketing firm MobileAction in May 2026, bolstering its adtech capabilities.. Its founders have also bought back a significant stake from SoftBank, increasing their majority ownership ahead of the public offering. InMobi listing is expected to inject much-needed momentum into India's IPO market, which has seen a dip this year, raising approximately $5 billion compared to over $20 billion in previous record years.. Investors will be keenly watching how this adtech giant, with its content platform Glance and diversified services, performs, potentially paving the way for other high-profile Indian tech firms currently in the pipeline. The success of this offering could set a new benchmark for domestic tech listings.