Rediff.com  » Business » MakeMyTrip to get listed on NASDAQ; plans $100 mn IPO

MakeMyTrip to get listed on NASDAQ; plans $100 mn IPO

Source: PTI
July 27, 2010 12:13 IST
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IPOMakeMyTrip Ltd, parent firm of India's largest online travel company, MakeMyTrip India Pvt Ltd, plans to raise up to $100 million (about Rs 465 crore) through an initial public offering in the US.

The company has filed a registration statement with US market regulator Securities and Exchange Commission for a proposed initial public offering of its ordinary shares, MakeMyTrip Ltd said.

The number of shares to be offered and the price range for the offering have not yet been determined.

The ordinary shares are expected to be traded on the NASDAQ Global Market under the symbol MMYT, it added.

Morgan Stanley is the sole book running manager to the offering and Oppenheimer & Co Inc and Pacific Crest Securities LLC will act as co-managers.

MakeMyTrip Ltd is the parent company of MakeMyTrip India Pvt Ltd and MakeMyTrip.com Inc.

The company's services and products include booking air tickets, customised holiday packages, hotels, rail and bus tickets, car hire and facilitating access to travel insurance.

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