India, July 22 -- InMobi's initial public offering (IPO) is back on track. The SoftBank-backed adtech unicorn has now reportedly appointed four merchant bankers to helm its upcoming $1 Bn (Rs.9,634 Cr) public issue.

Sources told Bloomberg that the startup has roped in JPMorgan Chase & Co., Jefferies, Kotak Mahindra Capital and Axis Capital to oversee its IPO. According to the report, InMobi is set to kick off its IPO proceedings later this week, and is eyeing a listing in the "next few" months.

However, the IPO size is yet to be finalised as discussions with bankers are still underway. As such, the plans are still not final and could still change.

This comes a year after Inc42 exclusively reported that InMobi was targeting a more than ...