Walmart considers IPO for Asda

Source: Financial Times, Thursday, May 16, 2019

The head of Walmart’s international division has told staff at Asda that it is seriously considering a stock market listing, though she cautioned that preparing for such a process would take years.

Judith McKenna, who was at one time Asda’s Chief Financial Officer, told a meeting of store and other managers: “While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO to strengthen your long-term success.”