News > Walmart’s Flipkart explores US listing through SPAC deal
Walmart’s Flipkart explores US listing through SPAC deal
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E-News | 04/03/2021 06:01 PM | Click to read full article
In a bid to quicken its listing process, Walmart Inc’s Flipkart is now exploring the option of going public in the United States through a merger with a blank-check company.
The Bengaluru-based online retailer’s advisors have approached several special purpose acquisition companies (SPACs) and are weighing US initial public offering (IPO). Flipkart may seek a valuation of at least $35 billion in the blank-check transaction, the report added.