MakeMyTrip has best IPO since 2007

US initial public offering market receives boost as Indian travel site soars on debut

The US initial public offering market received a much-needed boost, with India travel site MakeMyTrip generating the best first-day gain in three years and rental housing software firm RealPage rising 32%.

MakeMyTrip closed up 89% on its debut, the best performance since Athenahealth rose 97% in September 2007, according to Dealogic. MakeMyTrip easily bypassed former 2010 champ Financial Engines's 44% pop in March.

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