Flipkart's reverse flip: IPO on Indian stock exchanges next?
Business
Flipkart has completed a reverse flip, shifting its domicile from Singapore back to India, getting the green light from both the National Company Law Tribunal and the government.
This big move sets Flipkart up for something even bigger: a potential IPO on Indian stock exchanges.
Flipkart's IPO plans
By relocating to India, Flipkart is showing it's serious about its roots and future here.
The company has already started chatting with merchant bankers as it gears up for its public listing.
With its domicile now in India, Flipkart could be better positioned to expand and could file for its IPO later this year.