InMobi Pte has appointed four banks for an initial public offering over the next few months to raise about $1 billion for the Indian mobile advertising company.
The company has named JPMorgan Chase & Co., Jefferies Financial Group Inc. as well as local investment banks Kotak Mahindra Capital Co. and Axis Capital Ltd. for the IPO process that’s due to kick off later this week, people familiar with the matter said, declining to be named as the information is private.
