InMobi looking to raise up to $1 bn in IPO

In Mobi Pte, a mobile advertising platform backed by SoftBank Group Corp., aims to raise as much as $1 billion in an initial public offering in India, according to people familiar with the matter.

- Bloomberg

It plans to hire arrangers for an IPO in Mumbai and file an initial draft prospectus with regulators this year, the people said, asking not to be identified because the discussions are private. InMobi could seek a valuation of $5 billion to $6 billion in a share offering, they said, adding tha