MakeMyTrip fixes IPO at $14 a share, lists on Nasdaq
MakeMyTrip Ltd, the parent company of MakeMyTrip (India) Pvt Ltd and makemytrip.com, on Thursday fixed the price of its initial public offer (IPO) at $14 per share. India’s largest travel portal, which is selling 5,000,000 ordinary shares through an IPO, got listed on the Nasdaq on Thursday. At $14 a share, MakeMyTrip would be valued at $478 million (Rs 2,236 crore), or five times recent sales.
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