InMobi Appoints JPMorgan, Jefferies for Nearly $1 Billion IPO

InMobi Pte has appointed JPMorgan, Jefferies, and other banks to manage a $1 billion IPO on Indian exchanges. The mobile advertising company is targeting a valuation between $4 billion and $5 billion. This strategic move occurs as India's tech listing wave continues to build. The company intends to launch the initial public offering over the next few months to raise approximately $1 billion, signaling a significant step in its financial growth and market presence.