India: Flipkart stares at dent in valuations ahead of listing

Walmart Inc.-owned Flipkart is exploring going public in the US through a merger with a blank-cheque company, according to a Bloomberg report. Flipkart’s advisers have approached several special-purpose acquisition companies, or SPACs, with a view to quickening its listing process. The valuation being sought is at least $35 billion, the report added.