Chinese online retailer raises $78.9 million from US IPO

LightInTheBox becomes the first Chinese company to list in the US since November last year. The stock jumps more than 17% at the start of trading.
<div style="text-align: left;">
LightInTheBox is a global online retailer based in Beijing 
</div>
<div style="text-align: left;"> LightInTheBox is a global online retailer based in Beijing </div>

LightInTheBox Holding, a Beijing-based online retail company, has raised $78.9 million from its initial public offering on the New York Stock Exchange after fixing the price at the mid-point of the indicative range.

The stock opened 17.5% above the IPO price when it started trading last night and climbed more than 30% in early trading.

This is the first new listing by a Chinese company in the US since the IPO of YY, a video-based Chinese social network, in November last year, according to Dealogic. YY raised $81.9 million from its offering, after it was able to overcome the negative sentiment resulting...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222