InMobi plans $1-billion IPO on Nasdaq by the end of fourth quarter

Topics InMobi | Nasdaq

The country’s first unicorn, mobile advertising technology platform InMobi, is launching an initial public offering (IPO) in the US for raising up to $1 billion, according to people in the know.  The company is planning to list at Nasdaq by the end of the fourth quarter of this calendar year and expecting a $14-15 billion valuation. According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly. InMobi PTE, which is registered in Singapore, may not take the.....

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