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March 4, 2021, 9:29 a.m. EST

Walmart-held Flipkart weighs U.S. listing: report

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By Steve Goldstein

WMT

Flipkart, the online Indian retailer mostly owned by Walmart /zigman2/quotes/207374728/composite WMT -0.46% , is considering a U.S. listing by merging with a special purpose acquisition company, Bloomberg News reported , citing people familiar with the matter. The report said Flipkart would seek a valuation of at least $35 billion. Walmart in 2018 bought a 77% stake in Flipkart for $16 billion. In a statement, Walmart said, "we have been clear that we support an IPO for Flipkart, but we have not made any decisions on timing, listing venue or methodology."

/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 139.97
-0.64 -0.46%
Volume: 1.45M
April 19, 2021 10:39a
P/E Ratio
29.60
Dividend Yield
1.57%
Market Cap
$394.84 billion
Rev. per Employee
$243,109
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