Walmart ropes in Goldman Sachs to raise around $10 Bn from Flipkart IPO
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US-based Walmart has reportedly brought in Goldman Sachs to raise around $10 Bn through an initial share sale of its Flipkart unit. This comes after Flipkart said that it may go public as early as next year at a valuation of $45 – $50 Bn. The ecommerce giant would look at an overseas listing, either in the US, where its parent Walmart is based, or another country. In 2018, Walmart had acquired Flipkart for $16 Bn.