Online Travel Agent MakeMyTrip closed at $26.45 per share on the day it made its NASDAQ debut, up 88.93% above its listing price of $14. During the day, its share price went up to $26.81, around 91.5% above the listing price. In the morning, the share opened at $22, 57.14% higher than base. More at Yahoo Finance. In its Initial Public Offering, MakeMyTrip, which is trading using the symbol MMYT, offered 5 million shares for trading, thus raising a total of $70 million in the process. After deducting underwriting discounts and other expenses, MMYT gets $48.5 million from the offering. At $26.45, its 34,134,002 shares outstanding would value the company at $902,844,352.9, with the shareholding of its pre-IPO shareholders amounting to $860,511,445.30. But this on debut-day, and the value of the holding will change with market fluctuations. Recent Financial Performance MakeMyTrip has also released information about its performance in the first quarter of this fiscal year (the second quarter of the year), ending June 30th 2010: - The company reported revenue of $33.7 million, up 49.0% over revenue of $22.6 million in the quarter ended June 30, 2009. - MMYT reported a profit of $1.3 million for the quarter ended June 30, 2010, from a loss of $(5.6) million in the quarter ended June 30, 2009. According to the company, excluding the effects of employee share-based compensation costs in both quarters, it would have recorded an operating profit of $1.4 million in the quarter Air Ticketing - Revenue from its air…
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