InMobi plans $1-billion IPO on Nasdaq by the end of fourth quarter

The country’s first unicorn, mobile advertising technology platform InMobi, is launching an initial public offering (IPO) in the US for raising up to $1 billion, according to people in the know. 

The company is 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 the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly.

InMobi PTE, which is registered in Singapore, may not take the special purpose acquisition company (SPAC) route, which has been taken by