WALMART PREPARING FOR FLIPKART’S $10 BN IPO IN THE U.S.

Highlights

• According to the reports, world’s biggest retailer is preparing for Flipkart’s $10 billion initial public offering (IPO) in the United States and has hired Goldman Sachs to assist with the listing

• After acquiring 77 percent stake in May 2018, Walmart raised its stake to around 82 percent this year

• On the other hand, Flipkart in July 2020 had acquired Walmart India, the c....