Walmart-held Flipkart weighs U.S. listing: report

Flipkart, the online Indian retailer mostly owned by Walmart , is considering a U.S. listing by merging with a special purpose acquisition company, Bloomberg News reported, citing people familiar with the matter. The report said Flipkart would seek a valuation of at least $35 billion. Walmart in 2018 bought a 77% stake in Flipkart for $16 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.