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Walmart may bring an IPO to make Flipkart public in as little as 4 years

At the time of announcing the deal, Walmart had said it supported the Flipkart management's desire to go public in future

Walmart may bring an IPO to make Flipkart public in as little as 4 years

US retail giant Walmart is looking to retain Flipkart co-founder Binny Bansal and other minority investors such as Tiger Global for at least four years, promising that it will protect the valuation of their shareholding and offer them the potential upside of taking the company public. In a filing with the US Security and Exchange Commission (SEC) on Friday, Walmart said it would allow the initial public offering (IPO) of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for ...