InMobi plans to float an IPO in Nasdaq by the end of this year, The Economics Times reported on April 1. The tech company, which provides mobile advertising services globally, is India's first unicorn and is expected to seek a valuation of over $15 billion, the report stated. It has initiated talks with JP Morgan Chase, Morgan Stanley, and Goldman Sachs and could kick off the IPO process in a few weeks, the report stated. If the listing is successful, the adtech company will be among the first Indian tech companies to list in the US. Softbank, which currently owns 40% of InMobi, is expected to make a windfall from the IPO. The Bangalore-based company was founded in 2007 by Naveen Tewari, Mohit Saxena, Amit Gupta, and Abhay Singhal. It started off by providing SMS-based search engine services and then pivoted…
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