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Walmart may launch IPO for Flipkart in as early as four years

Reuters  |  MUMBAI 

By Sankalp PhartiyalMUMBAI (Reuters) - Walmart Inc said on Saturday in a filing with a U.S. regulator that it may take India's Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart's largest-ever acquisition.Minority investors holding 60 percent of Flipkart's shares "acting together, may require Flipkart to effect an initial public offering" (IPO) four years after the close of the Walmart-Flipkart transaction, the Bentonville, Arkansas-based retailer said in a May 11 filing with the U.S. Securities and Exchange Commission. The IPO ...

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First Published: Sat, May 12 2018. 13:05 IST
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