Walmart Executive Says Flipkart, PhonePe IPOs Could Take A Couple Of Years
Portfolio Pulse from Benzinga Newsdesk
Walmart executive indicates that the IPOs for Flipkart and PhonePe could take a couple of years, according to a Reuters exclusive.
June 07, 2024 | 8:51 pm
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Walmart executive indicates that the IPOs for Flipkart and PhonePe, both of which are owned by Walmart, could take a couple of years. This suggests that Walmart may not see immediate financial gains from these IPOs.
The news indicates that the IPOs for Flipkart and PhonePe, both owned by Walmart, are not imminent. This means that any potential financial benefits from these IPOs will not be realized in the short term, leading to a neutral impact on Walmart's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100