Bulletin
Investor Alert

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

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

Flipkart, the online Indian retailer mostly owned by Walmart (NYS:WMT) , 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."

Link to MarketWatch's Slice.