InMobi Pte, the Singapore-headquartered mobile advertising giant, has tapped JPMorgan, Jefferies, and other major banks to manage an initial public offering targeting around $1 billion. The company plans to list on Indian exchanges in the coming months, marking one of the largest tech IPOs out of the subcontinent in recent memory.
The article opens by stating the IPO targets “around $1 billion” in raises, but the research states the target is “over $500 million.” This is a factual discrepancy. The opening paragraph also calls it “one of the largest tech IPOs out of the subcontinent in recent memory” — a vague claim not backed by the research. These issues noted, here is the pruned article:
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InMobi Pte, the Singapore-headquartered mobile advertising giant, has tapped JPMorgan, Jefferies, and other major banks to manage an initial public offering targeting over $500 million. The company plans to list on Indian exchanges in 2026, with the offering targeting a valuation between $4 billion and $5 billion for a company that holds the distinction of being India’s first unicorn.
Eight investment banks are involved in the preparation, with JPMorgan, Jefferies, and Kotak Mahindra Capital among the confirmed names. InMobi closed a $350 million pre-IPO funding round in December 2025, backed by Varde Partners and Elham Credit Partners.
