InMobi all set for Nasdaq debut
The company is reportedly 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 media reports
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Published: Apr 1, 2021 9:35 AM | 1 min read
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Mobile advertising technology platform InMobi is launching an initial public offering (IPO) in the US for raising up to $1 billion, according to media reports.
The company is reportedly planning to list at Nasdaq by the end of the fourth quarter of this calendar year and expecting a $14-15 billion valuation.
Considered as country’s first unicorn, the Bengaluru-based company, reports quoted sources as saying, is in talks with a slew of global bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan. It has been reported that InMobi’s Singapore-based mobile advertising arm has already had early stage talks with the investment bankers. InMobi board is expected to finalise the plan in April. After this , it will approach the US Securities and Exchange Commission (SEC) and undertake required approvals to begin the listing process.
InMobi’s listing plan comes at a time when adtech companies such as Pubmatic Inc. have made successful debuts in the US public market.
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