Flipkart to open an IPO, but Sets no Timeline
Walmart-owned Indian e-commerce firm Flipkart is planning its IPO but according to the CFO of Walmart, Brett Biggs there is no timeline for its IPO. He also said that the performance of the e-commerce company is just like they planned it to be. An IPO is still something that is being planned but there are certain pointers that the company needs to focus on before having one. These include business and market situations before an Initial Public Offering. Flipkart is also aiming at a $50 billion total valuation through its initial public offering in the USA by next year.