E-commerce major Flipkart is believed to be working on an international listing, with Nasdaq in the US emerging as the preferred destination. Experts say before an initial public offering (IPO), expected in 12 to 18 months, the Bengaluru-based company must strengthen its financials and organisational structure.
“So far, firms such as Flipkart have largely been reliant on capital from private entities. But given the explosive growth these companies have enjoyed, the next obvious step is public listing,” said to By Sanchit Gogia, Chief Analyst & CEO at Greyhound Research.
He added the recent successful listing of Chinese e-commerce major Alibaba had made large Indian e-commerce players exploring similar routes confident. To prepare for an IPO, such companies should aim for a certain readiness, he added.
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