when will MMYT be available to short?

Discussion in 'Stocks' started by justfortrends, Aug 13, 2010.

  1. man, if we could short this especially after the 90% run up yesterday ... :(
  2. m22au


    MMYT sold 5 million shares


    Private Limited and MakeMyTrip.com Inc., India’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 “MMYT”.

    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