Report: Walmart India Unit Flipkart to Launch IPO
Flipkart, the prominent e-tailer based in India that is owned by Walmart (NYSE: WMT), is preparing for an initial public offering (IPO). That's according to an article published Wednesday by Reuters, citing "sources familiar with [Flipkart's] plans."
Such a flotation could value Flipkart at $45 billion to $50 billion, say those sources. Apparently the company is considering a listing in either Singapore or the U.S. The former might be easier, as the business is incorporated in the small nation. On the other hand, listing on an American exchange would drop the company into a much wider, and wealthier, pool of investors.
Image source: Walmart.
Source Fool.com
