Upcoming IPO, July 22 -- The Indian mobile advertising company InMobi has hired four banks for its initial public offering (IPO), which is expected to hit the primary market in a few months. The four hired banks include JPMorgan Chase, Jefferies Financial Group, Kotak Mahindra Capital, and Axis Capital. The SoftBank-backed Indian ad tech firm aims to raise $1 billion from its initial offering. The net proceeds of the upcoming IPO are expected to support the Indian mobile advertising company's growth, operational expansion, and strategic initiatives in Advertising and Media, helping strengthen its market presence and future business opportunities.

According to Bloomberg, the InMobi IPO is due to start later this week, people familiar with...