SoftBank-backed InMobi looks to raise $1 billion via Indian IPO

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InMobi, a mobile advertising platform supported by SoftBank, intends to launch an IPO in India. The company aims to raise $1 billion. It plans to appoint arrangers for the Mumbai IPO and submit a draft prospectus this year. InMobi may seek a valuation between $5 billion and $6 billion. It joins other Indian tech startups choosing domestic listings.

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SoftBank-backed InMobi looks to raise $1 billion via Indian IPO

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