InMobi hires JPMorgan, Jefferies, Kotak and Axis for $1 billion IPO plan

InMobi Pte has appointed banks JPMorgan, Jefferies, Kotak Mahindra Capital, and Axis Capital to raise about $1 billion in an initial public offering (IPO) expected to start this week. The SoftBank-backed firm aims for a $5-$6 billion valuation, with plans to re-domicile to India from Singapore for the public listing.