Walmart prepares for $10 billion Flipkart IPO in the US: Report
Mon, Dec 7, 2020 2:05 PM

Walmart prepares for $10 billion Flipkart IPO in the US: Report

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Walmart is preparing for ecommerce major Flipkart's $10 billion initial public offering (IPO) in the US and has hired Goldman Sachs to assist with the listing. The US retail giant is looking to sell around 25 percent in Bengaluru-based Flipkart, Mint reported. A spokesperson for Goldman Sachs declined to comment, and a Walmart spokesperson had not yet responded when contacted by Mint.

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