Walmart-Backed PhonePe to File IPO Papers in September via 'Confidential Route'
Published on: Sept. 5, 2025, 3:03 p.m. | Source: Outlook Business
The IPO will include both fresh equity and an offer for sale. Around 10% of the company’s shares are likely to be offered, with Walmart set to hold on to most of its stake, while investors such as Tiger Global and General Atlantic may seek partial exits through the listing
