Flipkart considers US listing via a Spac, say insiders
A number of Indian companies are considering going to market through a special purpose acquisition company
04 March 2021 - 16:45
Bengaluru/New Delhi — Walmart-owned Indian e-commerce giant Flipkart is exploring going public in the US through a deal with a blank-cheque firm, though a traditional stock market listing is much more likely, people familiar with the matter said.
The talks for a deal with a special purpose acquisition company (Spac) are at a very early stage and could fall apart because no plans have been finalised yet, said the people, who declined to be named as the information is confidential...
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