The offering size could be as large as $1 billion, valuing InMobi at $12 billion to $15 billion, the person said. A successful debut could make InMobi the first of India’s unicorns to directly list in a US stock exchange, highlighting the country’s shift beyond information technology and outsourcing services. The pandemic has been a boon for ad-technology companies including InMobi as it has accelerated a shift to mobile in gaming, video streaming and shopping. It became India’s first unicorn in 2011. Dozens of other Indian tech startups have reached $1 billion in valuation since.

Source: Mint March 31, 2021 09:00 UTC