Report: Walmart India Unit Flipkart to Launch IPO

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). Such a flotation could value Flipkart at $45 billion to $50 billion, say those sources. At the moment, Indian regulators are drafting new rules that could allow domestic companies to directly list on foreign stock exchanges.