Walmart may launch Flipkart IPO by 2022
The Indian e-commerce player is valueted at a little less than $21B
Indian e-commerce player Flipkart might go for an Ipo in as early as four years if minority investors holding 60% of its shares wish to do so, Walmart said in a filing to the SEC.
The U.S. retail giant agreed to pay $16B last week for a roughly 77% stake in Flipkart, a private company, valuing the Indian e-commerce player at a little less than $21B.
Flipkart, 100 mln of registered clients, has strong presence in sectors such as fashion, electronics and digital payments.
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