A number of people familiar with the matter said today that Wal Mart’s Indian e-commerce platform is preparing for IPO (initial public offering), which could be listed overseas as early as 2021, with a valuation of up to $50 billion. Headquartered in Bengaluru, India, flipkart competes with Amazon India and Reliance Industries, a local company. According to one of the people familiar with the matter, flipkart aims to seek a valuation of between $45bn and $50bn. If this goal is achieved, it means that Wal Mart’s previous investment value will double. < / P > < p > two other sources said that flipkart might make an IPO in Singapore or the United States. People familiar with the matter also said that while flipkart was incorporated in Singapore, it could attract more investment by listing in the US, where the parent company is headquartered. < / P > < p > neither flipkart nor Wal Mart commented on this. It should be noted that flipkart was established in 2007. Although headquartered in Bangalore, India, it is actually incorporated in Singapore. < / P > < p > according to people familiar with the matter, the current preparatory work and Discussion on issues are still largely internal to the company, but flipkart is preparing to contact external consultants. < p > < p > analysts said that flipkart’s consideration of the IPO comes at a time when India is drafting new regulations, which may pave the way for domestic companies to list directly overseas. < / P > < p > two other sources familiar with the plans said that flipkart had launched some preparatory work to ensure compliance and to meet regulatory standards at the legal and financial levels prior to listing. “At present, the IPO timetable is roughly planned for the end of 2021 or the beginning of 2022,” the two people said. Of course, there are some uncertainties. ” Moreover, preparation for IPO has become the norm at flipkart’s high-level internal meetings. < / P > < p > as early as 2018, Wal Mart bought about 77% of flipkart for about $16 billion. So far, the deal remains India’s largest foreign direct investment. It made flip kart’s founders, Sachin Bansal and Binny Bansal, multimillionaires and confirmed flip kart’s position as India’s most successful start-up at the time. Subsequently, Wal Mart said in a regulatory filing that it planned to list flipkart within four years. In July, flipkart raised another $1.2 billion, led by Wal Mart. The round valued flipkart at $24.9 billion. In addition to Wal Mart, other investors in flipkart include Tencent, tiger global and Microsoft. < p > < p > flipkart recently said that as India gradually emerged from the new epidemic crisis, the company will use the funds received in two batches this fiscal year to support the development of its e-commerce business. < / P > < p > like its rival Amazon, flipkart started with selling books, but soon diversified to sell smartphones, clothing and other goods. Today, flipkart competes with Amazon in most product categories. According to Goldman Sachs, the size of India’s e-commerce market will reach US $99 billion by 2024 as more and more Indians turn to online shopping. Didi Qingju bicycle has entered 150 cities