InMobi Ropes In Four Bankers To Helm Its $1 Bn IPO

InMobi’s initial public offering (IPO) is back on track. The SoftBank-backed adtech unicorn has now reportedly appointed four merchant bankers to helm its upcoming $1 Bn (₹9,634 Cr) public issue. Sources told Bloomberg that the startup has roped in JPMorgan Chase & Co., Jefferies, Kotak Mahindra Capital and Axis Capital to oversee its IPO.