True North Acquires Minority Stake in IPO-Bound InMobi

•True North acquired a minority stake in InMobi worth $50-60 Mn.

•The stake is around 2-3% of InMobi, a SoftBank-backed adtech unicorn.

•Early investors sold shares to True North, enabling a partial exit ahead of InMobi's IPO.

•InMobi is gearing up for a $1 Bn public issue, with a valuation of around $6 Bn.