MakeMyTrip Limited, the largest online travel company in India, announced terms for its IPO on Thursday. The Haryana-based company plans to raise $65 million by offering 5 million shares at a price range of $12-$14. At the mid-point of the proposed range, MakeMyTrip will command a market value of $444 million. MakeMyTrip, which was founded in 2000 and booked $84 million in sales for the 12 months ended March 31, plans to list on the NASDAQ under the symbol MMYT. Morgan Stanley, Oppenheimer & Co. and Pacific Crest are the lead underwriters on the deal, for which timing was not disclosed.
