Tech
Flipkart’s $1.5 billion Esop buyback timeline; from 2018 to now
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Ecommerce leader Flipkart announced a $50 million employee stock buyback programme on Friday, which will provide liquidity to around 7,000–7,500 staff members ahead of the Walmart-owned company’s initial public offering (IPO).
All active employees as of July 5 can liquidate up to 5% of their outstanding options vested since July 6, 2022, Flipkart group chief executive Kalyan Krishnamurthy wrote in a note to employees. The buyback price is set at $174.32 per option, with payments expected in August 2025.
The company has been a major wealth creator…
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