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Amazon’s India Rival: Will Walmart’s Flipkart Go Public in US?

Mayur Sontakke, CFA, FRM
Amazon’s India Rival: Will Walmart’s Flipkart Go Public in US?

Yesterday, India’s Economic Times reported that Walmart-owned Flipkart (WMT) will go public in the US. The newspaper said that the board has decided on a listing in 2022. Walmart bought a 77% stake in this Indian e-commerce startup last year at a whopping $16 billion.