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Analysts believe preparations for IPO mean US retailer has no plan B for UK supermarket
Walmart is “seriously considering” a stock market flotation for Asda that is likely to value the business at more than £7bn after the failure of a planned merger between its British supermarket group and rival Sainsbury’s.
Judith McKenna, the chief executive of Walmart’s international businesses, told Asda staff on Tuesday: “While we are not rushing into anything, I want you to know that we are seriously considering a path to an initial public offering [IPO] – a public listing – to strengthen your long-term success.”
Continue reading...from US news | The Guardian http://bit.ly/2YvDEJf
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