MakeMyTrip to become First Indian Firm to IPO in US

MakeMyTrip to become First Indian Firm to IPO in US. MakeMyTrip.com travel latest news and updates reports that MakeMyTrip Files for $100 mn IPO in US to get listed on NASDAQ.

India’s largest online travel company, MakeMyTrip Ltd. plans to raise as much as $100 million on the Nasdaq Stock Market to become the nation’s first company to hold an initial share sale in the U.S. in four years. Morgan Stanley, Oppenheimer & Co. and Pacific Crest Securities LLC will manage the offering, according to a Securities and Exchange Commission filing yesterday.

MakeMyTrip (MMYT) company will be India’s first to list in the U.S. The number of shares to be offered and the price range for the offering have not yet been determined. The company intends to list its common stock on Nasdaq under the symbol “MMYT”.