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

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Flipkart, the online Indian retailer mostly owned by Walmart
WMT,
-1.94%,
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.

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