The company has filed a registration statement with U.S. market regulator Securities and Exchange Commission for a proposed initial public offering (IPO) of its ordinary shares, MakeMyTrip said in a statement.
The number of shares to be offered and the price range for the offering have not yet been determined. The ordinary shares are expected to be traded on the NASDAQ Global Market under the symbol 'MMYT', it added.
Morgan Stanley is the sole book running manager to the offering and Oppenheimer & Co Inc and Pacific Crest Securities LLC will act as co-managers.
MakeMyTrip is the parent company of MakeMyTrip India and MakeMyTrip.Com. Founded in April, 2000 by Deep Kalra (Founder & CEO), MakeMyTrip.com today has offices in 20 cities across India and 2 international offices in New York and San Francisco, in addition to several franchise locations. It was awarded the "Emerging India Award" by ICICI Bank & CNBC-TV18 and voted one of Asia's hottest technology startups by Red Herring in 2006.
The company's services and products include booking air tickets, customised holiday packages, hotels, rail and bus tickets, car hire and facilitating access to travel insurance.
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