• CNBC reports that “Walmart said on Saturday in a filing with a U.S. regulator that it may take India's Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart's largest-ever acquisition.”
Just days earlier, Walmart announced that it is spending $16 billion to take a 77 percent stake in the e0-commerce company.
According to the piece, “Minority investors holding 60 percent of Flipkart's shares ‘acting together, may require Flipkart to effect an initial public offering’ (IPO) four years after the close of the Walmart-Flipkart transaction … The IPO should be done at no less a valuation than that at which Walmart invested in the Indian e-commerce firm, the filing said.
Just days earlier, Walmart announced that it is spending $16 billion to take a 77 percent stake in the e0-commerce company.
According to the piece, “Minority investors holding 60 percent of Flipkart's shares ‘acting together, may require Flipkart to effect an initial public offering’ (IPO) four years after the close of the Walmart-Flipkart transaction … The IPO should be done at no less a valuation than that at which Walmart invested in the Indian e-commerce firm, the filing said.
- KC's View:
