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Last Updated : May 09, 2018 05:59 PM IST | Source: Moneycontrol.com

Flipkart-Walmart deal: Walmart executive doesn’t rule out IPO of e-commerce company in future

“I am not giving a timeline to that. We'd like to see that happen in the future but no timeline as of now,” the executive said in a conference call with analysts.

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Shortly after the official announcement of Walmart acquiring Flipkart for $16 billion, a Walmart executive said that the e-commerce company may go for a public listing in the near future.

“I am not giving a timeline to that. We'd like to see that happen in the future but no timeline as of now,” the executive said in a conference call with analysts.

Walmart adds Flipkart to its cart: Beginning of new bout between Walmart & Amazon

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"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.

Walmart 2.0: Global giant aims to scale up sourcing, support small businesses

This is the largest buyout for Walmart and its biggest bet ever in the Indian market and online space, underscoring the growing digital consumption potential in the country.

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First Published on May 9, 2018 05:59 pm
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