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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 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.
The company is executing a reverse flip, restructuring to move its corporate domicile from Singapore back to India, designed to appeal to domestic institutional investors and align with Indian regulatory frameworks ahead of the listing.
InMobi acquired MobileAction in May 2026, expanding its capabilities in the ad tech space. Its AI-driven consumer engagement platform Glance, which serves lock-screen content to hundreds of millions of devices, remains a key growth engine.
InMobi has zero reported involvement in cryptocurrency, blockchain, or digital assets. Its business is squarely in mobile advertising and AI-powered customer engagement.
India imposes a 30% tax on cryptocurrency gains and a 1% tax deducted at source on transactions, policies that have significantly dampened retail trading volumes. A thriving traditional tech IPO market gives Indian investors an alternative high-growth narrative that doesn’t come with the regulatory headwinds plaguing crypto in the region.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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