UPDATE 1-India's MakeMyTrip conducts $70 mln IPO

NEW YORK, Aug 11 (Reuters) - MakeMyTrip Ltd, an India-based online travel company, on Wednesday conducted a $70 million initial public offering, selling shares at the high end of the the expected range, an underwriter said.

The offering included 5 million shares priced at $14 each, compared with an expected $12 to $14 range. MakeMyTrip offered 3.85 million shares, while shareholders offered 1.15 million.

Based in the northern Indian state of Haryana, MakeMyTrip is a 10-year-old company that once focused on selling travel to expatriate Indians.

It has been refocusing on its home market, which is expected to pass China as the world's most populous country within the next 20 years. Bookings grew 65 percent in the latest quarter.

Morgan Stanley, Oppenheimer & Co and Pacific Crest Securities LLC arranged the offering.

MakeMyTrip shares are expected to begin trading Thursday on the Nasdaq under the ticker 'MMYT.'

(Reporting by Jonathan Stempel in New York; Editing by Gary Hill) Keywords: MAKEMYTRIP IPO/ ([e-mail] [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.