Flipkart IPO may ride piggyback on post-covid boom in e-commerce

Dec 08, 2020, 10:38 AM
A Mint report said Walmart is working towards an IPO for Flipkart, at a valuation of $40 billion. While the valuation seems like a stretch, note that share prices of some listed e-commerce firms in emerging markets have skyrocketed this year, helped by covid-19 led growth. But is that enough? Tune in to find out more.