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Benzinga
Benzinga
Business
Navdeep Yadav

Walmart Confirms IPO Plans For Indian E-Commerce Arm

Walmart India Flipkart IPO NYSE Walmart Inc United States

Walmart Inc (NYSE:WMT), confirming the initial public offering plans for its Indian arm Flipkart, said the company has managed to live up to its expectations ever since it took over the business four years ago.

What Happened: Speaking at the Baird 2022 Global Consumer, Technology & Services Conference, Walmart International CEO and president Judith McKenna confirmed that the company is eyeing U.S. bourses for its IPO. However, without revealing more details, she said Flipkart will go public "when the time is right for it."

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