Walmart may launch IPO for Flipkart

Flipkart IPO: Shortly after the announcement of Walmart paying  $16 billion for a roughly 77 percent stake in Flipkart in what is the U.S. retail giant’s largest-ever deal, Walmart has announced that it may launch IPO for Flipkart in next four years. Walmart Inc said on Saturday in a filing with a US regulator that it may take India’s Flipkart public in next four years, detailing for the first time a potential listing timeline for Walmart’s largest-ever acquisition.

Flipkart IPO: Effect of Walmart Flipkart Deal

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Walmart announced earlier this week that it is acquiring the 77 percent stake in Flipkart and will pay $16 billion and this makes it the American retail giant’s largest-ever deal so far.

“India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of e-commerce in the market,” said Doug McMillon, Walmart’s president and chief executive officer, after the deal was announced.

It is assumed that the Flipkart IPO should be launched at no less a valuation than that at which Walmart invested in Flipkart .

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The 77 percent stake sale to walmart for an amount of $16 billion makes the total valuation of the Indian Flipkart at a super attractive value of $21 billion. Which stands the company among the top 20 listed companies of India in terms of market cap if the Flipkart were to be listed.

Minority shareholders after the deal include co-founder Binny Bansal, China’s Tencent Holdings, US hedge fund Tiger Global Management and Microsoft Corp.

Former Amazon employees Sachin and Binny Bansal founded Flipkart in 2007 and started by selling books with their own capital of around Rs. 4-5 lakhs now they have sold their stakes in the company for crores. Softbank has invested $2.5 billion in Flipkart  just 9 months before and now sold to walmart for $4 billion.

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