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Earnings Reports 22 January 2026

Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings

Walmart stock slips after PhonePe IPO stake-sale plan; investors brace for CEO handover and earnings

Walmart Inc shares slipped 1.3% to $117.83 in after-hours trading Thursday following an updated PhonePe IPO filing. The retailer, which owns roughly 72% of the Indian payments firm, plans to sell nearly 46 million shares, cutting its stake by about 12%. Tiger Global and Microsoft are also set to exit, according to the filing. PhonePe expects to go public by mid-2026 but won’t issue new shares, so it won’t raise fresh capital from this sale.
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