SoftBank-backed advertising technology major InMobi is preparing for a blockbuster one-billion-dollar initial public offering in India. The company has appointed investment banks JPMorgan and Jefferies to lead its highly anticipated domestic listing.
$200 Million
Initial SoftBank Investment
Investment Year: 2011→$200 Million
⏳ Time Machine
How today’s news fits into the bigger picture
2007
InMobi founded as mKhoj
The company starts as a local SMS search service in Bengaluru before pivoting to mobile advertising.
2011
SoftBank's landmark investment
Masayoshi Son invests $200 million, turning InMobi into India's very first tech unicorn.
2021
US listing plans paused
The firm prepares for a New York listing at a $12 billion valuation, but pauses due to shifting market conditions.
Today
InMobi appoints JPMorgan and Jefferies to lead its massive $1 billion Indian IPO.
What happens next?
The company plans to complete corporate restructuring and file its DRHP with SEBI by late 2026.
InMobi, India’s very first tech startup to achieve "unicorn" status—a valuation of over one billion dollars—is planning a massive **$1 billion** domestic stock market listing. The SoftBank-backed advertising technology firm has appointed top global investment banks JPMorgan Chase and Jefferies to manage the process. While many early Indian tech stars originally preferred listing on US stock exchanges like the Nasdaq to attract global tech investors, InMobi is choosing to list locally on the BSE and NSE. This decision highlights the immense depth of the Indian capital markets in 2026, where domestic mutual funds and retail investors have shown massive appetite for local tech stocks. The IPO is expected to provide a lucrative exit for early backers like SoftBank while cementing India's position as a premium market for tech valuations.
💭 If you're wondering…
Ad-tech, or advertising technology, refers to software and tools brands use to target, deliver, and analyze digital advertising campaigns.
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