{"id":21455,"date":"2022-04-08T09:57:56","date_gmt":"2022-04-08T13:57:56","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=21455"},"modified":"2022-04-13T14:10:14","modified_gmt":"2022-04-13T18:10:14","slug":"walmarts-flipkart-increases-ipo-valuation-target-to-60-70-billion","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/walmarts-flipkart-increases-ipo-valuation-target-to-60-70-billion\/","title":{"rendered":"Walmart&#8217;s Flipkart Increases IPO Valuation Target To $60-70 Billion"},"content":{"rendered":"<p id=\"arIndex_0\" data-ar-index=\"0\">Walmart&#8217;s Indian e-commerce company Flipkart has raised its IPO valuation target to $60-70 billion. According to sources close to the matter, the company has extended its planned U.S. listing to 2023.<\/p>\n<p id=\"arIndex_1\" data-ar-index=\"1\">An initial public offering (IPO) is also regarded as a stock launch. It is a public offering where shares in a company are sold to institutional and retail investors.<\/p>\n<p id=\"arIndex_2\" data-ar-index=\"2\">The reason for the extension stems from the company&#8217;s decision to further boost valuations further by focusing on two of its relatively new businesses, e-health services and travel bookings.<\/p>\n<p id=\"arIndex_3\" data-ar-index=\"3\">The company also extended its planned listing due to the ongoing Russia-Ukraine crisis.<\/p>\n<p id=\"arIndex_4\" data-ar-index=\"4\">While Walmart invested about $16 billion in 2018, a 77% stake in Flipkart, the e-commerce platform was able to boost its financial strength after raising $3.6 billion in 2021. After the funding, the company was valued at $37.6 billion.<\/p>\n<p id=\"arIndex_5\" data-ar-index=\"5\">According to one of the sources, Flipkart is seeking to expand its services and an IPO was not necessary at the moment.<\/p>\n<p id=\"arIndex_6\" data-ar-index=\"6\"><em>The sources for this piece include an article in <a href=\"https:\/\/www.reuters.com\/business\/retail-consumer\/walmarts-flipkart-raises-ipo-valuation-target-60-70-bln-eyes-2023-listing-2022-04-07\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walmart&#8217;s Indian e-commerce company Flipkart has raised its IPO valuation target to $60-70 billion. According to sources close to the matter, the company has extended its planned U.S. listing to 2023. An initial public offering (IPO) is also regarded as a stock launch. It is a public offering where shares in a company are sold [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[267],"class_list":["post-21455","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-walmart"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/21455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=21455"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/21455\/revisions"}],"predecessor-version":[{"id":21457,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/21455\/revisions\/21457"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=21455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=21455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=21455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}