Walmart-held Flipkart weighs U.S. listing: report - MarketWatch

Flipkart, the online Indian retailer mostly owned by Walmart WMT, +1.43%, is considering a U.S. listing by merging with a special purpose acquisition company, Bloomberg News reported, citing people familiar with the matter. The report said Flipkart would seek a valuation of at least $35 billion. Walmart in 2018 bought a 77% stake in Flipkart for $16 billion. In a statement, Walmart said, "we have been clear that we support an IPO for Flipkart, but we have not made any decisions on timing, listing venue or methodology."

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