subject: Travel Agency Makemytrip For The First Time In The Market Take Off [print this page] MakeMyTrip India Travel Agency Co., LtdMakeMyTrip India Travel Agency Co., Ltd. in its share price soaring on the Nasdaq market listing of 89 percent, even in the broader market declined.
It marked the best debut performance, because nike air max for the company in September 2007 debut, and completed 97 percent - before the first day of performances of the year.
MakeMyTrip likely to attract much investor interest, because in the United States, very few Indian companies listed on the main objective of growth in India, Joseph said, Schuster is IPOX Capital Management, an initial public offering of investment advisers.
MakeMyTrip Company started as a site in the United States, mainly for foreigners who intend to India India. In 2005, started operations in India, providing tickets and hotel reservations, airline tickets and other bus services to the country's rapidly growing middle class consumer groups. MakeMyTrip citing data from the consultancy firm McKinsey said that India's middle class is expected to grow to 583 million people by 2025 from 502,005 people.
India has a way on the Internet than the United States, the company said its air max 2009 sales will rise as the Internet increasingly affluent Indians, a smaller part of the population.
Tthe company's revenue growth throughout the economic downturn, and MakeMyTrip claim that it is India's largest online travel reservation company in 2009. Ended March 31, 160 million domestic airline tickets booking through MakeMyTrip this year's trading site in India, from 1.2 million in the previous 12 months.
"Have a dominant company, the potential benefits of taste," Francis said of the company's initial public offering IPOdesktop Gaskins.
However, such as Scott Sweet, owner of the boutique market, some analysts said the performance of MakeMyTrip was surprised on Thursday, saying the company announced its annual operating profit and has never faced such as Expedia and Travelocity's major tourist site in India version of the competition.
"They are a long way from making money," Sweet said.
Bbut Schuster could recommend MakeMyTrip such as air max ltd as Expedia or Priceline (PCLN, 400.28, +0.35%). Com rival takeover target companies is another factor likely to drive the stock MakeMyTrip strong second quarter Priceline Orbitz Worldwide Inc. and from the results, Schuster said.
MakeMyTrip plans to use from the acquisition of new technology investment, IPO proceeds for working capital. The company raised $ 70,000,000 in the price of 14 dollars per 5 million shares, the expected range of 12-14 U.S. dollars for the high end.
Shares rose $ 12.45, or 89 percent, to close at $ 26.45 on the Nasdaq. Another debut on Thursday listed real estate company RealPage software companies, there have also soared, closing up $ 3.52, or 32 percent, to $ 14.52 purchase. The fruits, or even the broader market fell further, due to big losses on Wednesday with the Standard & Poor's 500 index fell 0.5 percentage points.
