Discussion in 'Stocks' started by justfortrends, Aug 13, 2010.
man, if we could short this especially after the 90% run up yesterday ...
MMYT sold 5 million shares
Private Limited and MakeMyTrip.com Inc., IndiaÃ¢â¬â¢s largest online travel company1, today announced that it has priced its initial public offering of 5,000,000 ordinary shares at a price of USD14 per share. The company's ordinary shares will begin trading on the NASDAQ Global Market on 12 Aug 2010 under the symbol Ã¢â¬ÅMMYTÃ¢â¬Â.
Of the total offering of 5,000,000 ordinary shares, 3,846,154 ordinary shares are being offered by the company, while 1,153,846 ordinary shares are being offered by certain selling shareholders
Priced at $14
The IPO was the first in the U.S. market by an Indian company since 2006. It raised $70 million through an offering of 5 million shares at $14 each. The shares had been expected to price between $12 and $14.
about 17.5 million shares outstanding before IPO
17.521 + 5 - 1.153 = 21.368 million shares outstanding
Separate names with a comma.