Report: Flipkart considering $5 billion U.S. IPO

Mumbai, India – Alibaba may not be the only large Asian e-commerce retailer selling shares in the U.S, stock market. Leading Indian e-commerce platform Flipkart is reportedly considering launching a $5 billion U.S. IPO.



According to the Times of India, Morgan Stanley, Goldman Sachs, Citigroup, and Europe’s Deutsche Bank are in discussions with Flipkart to launch an IPO in the U.S. in the next 18 months, with a company valuation of around $30 billion. Flipkart has not yet committed to the idea. Chinese e-commerce giant Alibaba Holding Company launched a $228 billion U.S. IPO in September 2014.