Two recent IPO's have been the buzz of Wall Street lately and I have been trading them actively. Theses two stocks have the potential to be long term growth stories as well.
MakeMyTrip.com (MMYT) - MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and the United States. Its products and services include air tickets, hotels, packages, rail tickets, bus tickets, car hire, and ancillary travel requirements, such as travel insurance and visa processing. The company, through its Website, makemytrip.com, allow travelers to research, plan, and book a range of travel services and products in India and internationally. MMYT has been the hottest IPO this year so far, up over 130%. The stock recently fell $8 due to an analyst downgrade.
SouFun Holdings Limited (SFUN) - SouFun Limited sells marketing and listing services online in the real estate market located in China. SouFun priced their IPO at $42.50, $2 ahead of the suggested price range, and hit $74 on IPO day.
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