Walmart Inc-owned Indian e-commerce giant Flipkart is exploring going public in the United States through a deal with a blank-check firm, although a traditional stock market listing is much more likely, people familiar with the matter said.
The talks for a deal with a special purpose acquisition company (SPAC) are at a very early stage and could fall apart as no plans have been finalized yet, said the people, who declined to be named as the information is confidential.
“We have been clear that we support an IPO for Flipkart, but we have not made any decisions on timing, listing venue or methodology,” a spokesman for Walmart told Reuters.
Source: Reuters
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