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0.00055666003976149 0.000636182902584479 -0.00230616302186872 -0.00556660039761434 -0.0033797216699801 -0.00234592445328033 -0.00302186878727631 -0.00433399602385687
Stock impact report

Walmart-Backed PhonePe Pauses $1.5 Billion IPO as Nifty 50 Drops Over 7% [Yahoo! Finance]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Yahoo! Finance
This article first appeared on GuruFocus Walmart ( NASDAQ:WMT )-backed PhonePe has delayed its initial public offering plans as volatility in global markets begins to weigh on fundraising activity. The Bengaluru-based fintech company said Monday it has paused preparations for its public listing and could revisit the process once global capital markets show signs of stabilizing. The move places PhonePe among the first Indian companies to hold back an IPO as geopolitical tensions and equity market weakness dampen investor appetite. Is WMT fairly valued? Test your thesis with our free DCF calculator. PhonePe had been preparing for a share sale that people familiar with the matter previously said could raise as much as $1.5 billion. Walmart, which owns about 71.77% of the company, had planned to sell up to 45.9 million shares in the offering, representing roughly 9% of the company's share capital. The potential deal had been expected to rank among the more notable fintech listings Show less Read more
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