InMobi is moving closer to the public markets after appointing banks for a planned $1 billion initial public offering. The mobile advertising company is reportedly seeking a valuation in the $4 billion to $6 billion range, setting up what could become one of the biggest technology listings in India.
A key step in that process is the company's redomiciling from Singapore to India. The shift aligns InMobi more closely with its home market and comes as more India-linked startups explore local listings amid growing investor interest in the country's technology sector.
If the targeted valuation holds, the offering would mark a major milestone for a company often seen as one of India's earliest unicorns. It would also underline how mature digital businesses in advertising and mobile technology are positioning themselves for broader public-market participation.
The planned deal highlights continued momentum in India's IPO pipeline, especially for established tech firms with large-scale operations. For InMobi, the listing effort appears to be both a fundraising move and a strategic step in deepening its India identity as it prepares for life as a public company.
