Walmart-backed Flipkart raises IPO valuation target to $60-470 Bn; likely to go public in 2023
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Walmart-backed ecommerce giant Flipkart has recently raised its target for IPO valuation. Flipkart has internally raised its IPO valuation to $60-$70 Bn and also planned to list on the US bourses in 2023 instead of this year, people who are privy to the matter told Reuters. The ecommerce giant is boosting its valuation by diverting its focus on new businesses–online healthcare services and travel bookings.