MakeMyTrip prices $1.41B equity offering

June 18, 2025 02:06 AM PDT | By EODHD

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MakeMyTrip prices $1.41B equity offering — Image source: Kalkine Media

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* MakeMyTrip (NASDAQ:MMYT [https://seekingalpha.com/symbol/MMYT]) has priced its upsized offering of 16M ordinary shares at US$90 per ordinary share. * The offering was upsized from 14M ordinary shares previously announced to 16M ordinary shares. The underwriters have been granted a 13-day option to purchase up to 2.4M additional ordinary shares. * The equity offering is expected to close on June 23, 2025, subject to customary closing conditions. * MakeMyTrip estimates net proceeds of ~$1.41B or ~$1.62B if underwriters exercise in full their option to purchase additional ordinary shares.

* The company plans to use all net proceeds from the equity offering and the notes offering for the repurchase of a portion of the Class B shares from Trip.com Group. * Source: Press Release [https://seekingalpha.com/pr/20140216-makemytrip-announces-upsize-and-pricing-of-primary-offering-of-ordinary-shares] MORE ON MAKEMYTRIP * MakeMyTrip: Growth Runway Still Visible And Clear [https://seekingalpha.com/article/4787937-makemytrip-growth-runway-still-visible-and-clear] * MakeMyTrip Limited (MMYT) Q4 2025 Earnings Call Transcript [https://seekingalpha.com/article/4786640-makemytrip-limited-mmyt-q4-2025-earnings-call-transcript] * MakeMyTrip prices $1.25B notes offering [https://seekingalpha.com/news/4459246-makemytrip-prices-125b-notes-offering] * Seeking Alpha’s Quant Rating on MakeMyTrip [https://seekingalpha.com/symbol/MMYT/ratings/quant-ratings] * Historical earnings data for MakeMyTrip [https://seekingalpha.com/symbol/MMYT/earnings]

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