Get ready to earn! Flipkart’s IPO will come soon, Walmart prepares – know issue date

Flipkart's IPO will come

Flipkart’s IPO will come

New IPO: If you are also interested in investing money in the stock market, then this news is very useful for you. Actually, the American retail company Walmart is preparing to bring the IPO of its Indian unit Flipkart.

New Delhi. If you are also interested in investing money in the stock market, then this news is very useful for you. Actually, the American retail company Walmart is preparing to bring the IPO of its Indian unit Flipkart. Walmart has given information about this. However, it has not yet fixed the time for presenting this IPO.

No timeline for share sale at present

Walmart International President and CEO Judith McKenna said at the ‘DB Access Global Consumer Conference’ on Tuesday that both Flipkart and payments app Phone-Pe continue to do well. He said that from the day we have made the acquisition or investment, we have clarified that we are ready for IPO. However, McKenna said that there is no timeline for the share sale.

Also read: Do you know that American billionaires like Elon Musk, Jeff Bezos pay negligible taxHe said that if we build a strong business and we continue to do the things we need to do to ensure long-term and sustainable growth, there is certainly a potential path that we can look at in the future. do. But of course there is no clear timeline for that (IPO) at the moment.

Flipkart was acquired in 2018

Walmart, one of the world’s largest retail companies, acquired Flipkart in 2018 for $1600 million. He did this to gain entry into the retail market of India. In India, it is competing with Amazon.




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