Flipkart plans overseas listing in 2021, seeks $50 bn valuation: Report

Topics Flipkart | IPO

Walmart Inc-controlled Indian e-commerce firm Flipkart is preparing for an initial public offering overseas as early as 2021, which could value the firm up to $50 billion, sources familiar with the company's plans told Reuters. Bengaluru-based Flipkart, which vies with players such as Amazon.

com's local unit in India and India's Reliance Industries, will be aiming for a valuation in the $45-$50 billion range, according to one source with knowledge of the matter. If achieved, that would mean Walmart would have more than.

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