MakeMyTrip, the dominant online travel agency in India, filed for an initial public offering and hopes to raise up to $100 million for geographic expansion, strategic investments or acquisitions, and technology enhancements.
Shares would be listed on Nasdaq stock market under the stock symbol MMYT.
MakeMyTrip, headquartered in Gurgaon, Haryana, India, didn’t reveal any range of pricing for its IPO or how many share would be issued. Those details would come in subsequent filings with the Securities and Exchange Commission.
Read the full story at: http://www.tnooz.com/2010/07/26/news/makemytrip-india-online-travel-agency-files-for-initial-public-offering-on-nasdaq/