Flipkart IPO ready, but no deadline yet: Walmart – walmart ready for flipkart’s ipo but no deadline yet

Flipkart IPO ready, but no deadline yet: Walmart – walmart ready for flipkart’s ipo but no deadline yet

New Delhi, Jun 9 (PTI) US-based retail giant Walmart said it is open to an initial public offering (IPO) for its Indian e-commerce arm Flipkart, but there is no clear timeline for the same.

Walmart International President and CEO Judith McKenna said at the DB Access Global Consumer Conference on Tuesday that both Flipkart and payments app PhonePe are doing well.

“From the day we have made the acquisition or investment, we have clarified that we are ready for IPO,” he said.

McKenna, however, said there is no timeline for the share sale.

He said, “… if we build a strong business and we continue to do the things we need to do to ensure long-term and sustainable growth, then there’s definitely a possible way out.” Which we will look into in the future, but certainly there is no clear timeline for that (IPO) right now.”

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