Bloomberg reports that Walmart is planning an IPO for Flipkart:
“The U.S. retail giant has set up an internal IPO team for Flipkart and is leaning toward a traditional debut in the U.S., said the people, asking not to be named because the details are private. Flipkart had explored going public through a blank-check company to speed up the listing process, but that route is not under consideration now, one of the people said. The startup’s valuation could top $35 billion as it goes public.”
P.S. Walmart continues to pursue overseas opportunities and is investing in strong executive leadership for its international division. Are you interested in selling your products in other countries? Our experts can help. Contact us today to schedule an appointment.