InvestorQ : Is Flipkart coming up with IPO?
Khushi Patel made post
IPO

Is Flipkart coming up with IPO?

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Roshni Hegde answered.
8 months ago
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Yes, it is true through online informed sources, retailing giant Walmart seeks interest to sell at least 25% of its stake to Flipkart will make this deal worth $10 billion approx. Afterwhich Flipkart is likely to go public by 2021 at a fresh valuation of $45 billion-$50 billion.
Walmart has already signed proposals with leading global investment bank and financial services company Goldman Sachs in the interest to raise nearly $10 billion via an initial share sale of its Flipkart unit. Flipkart witnessed a surge in its overall online sale during the COVID-19 pandemic lockdown. E-tailers recorded $4.8 billion in gross merchandise value (GMV) during the recent festive season sale.
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