Flipkart IPO 'very much on the cards', no timeline for it: Walmart CFO

Flipkart IPO: Timing will depend on where the business is and market conditions, says Brett Biggs

flipkart, e-commerce

BS Reporter Bengaluru
Flipkart’s initial public offering (IPO) is on the cards but there is no timeline for it, said Brett Biggs, executive vice president and chief financial officer of Walmart, the American retailer that owns the Indian e-commerce firm

"The (Flipkart) business is performing almost exactly like we thought it would. An IPO is still very much on the cards for that business,” said Biggs, at the Morgan Stanley Global Consumer & Retail Conference recently. “It's the timing. Is the business exactly where you want? Is the market right? All those things (we) have to figure into (when) you do an IPO.”

He said the IPO should be about letting Flipkart’s associates have a piece of the business. According to sources, Flipkart

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First Published: Dec 08 2021 | 11:31 AM IST

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