InMobi Appoints JPMorgan, Jefferies for Nearly $1 Billion IPO
Bloomberg 2026-07-21 12:36:28
Context: InMobi Pte, an Indian mobile advertising company, has appointed four banks to manage an initial public offering (IPO) in the coming months. The IPO is expected to raise approximately $1 billion. This move marks a significant step for InMobi as it prepares to list on the public market.
Key Facts
- InMobi Pte has appointed JPMorgan and Jefferies, among four banks, to manage its initial public offering, which is expected to raise nearly $1 billion.
- The Indian mobile advertising company is planning to go public over the next few months, with the IPO likely to be one of the significant listings in the technology sector.
- InMobi's decision to raise about $1 billion through the IPO indicates the company's growth ambitions and its need for capital to expand its operations and compete in the mobile advertising market.