LightInTheBox Holding Co., Ltd. (NYSE:LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it has priced its initial public offering of 8,300,000 American depositary shares (“ADSs”), with each ADS representing two ordinary shares of the Company, at US$9.50 per ADS, for a total offering size of approximately US$78.85 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on June 6, 2013 under the symbol “LITB.”
The Company and certain selling shareholders have granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1,245,000 ADSs at the initial public offering price, less the underwriting discounts.
Credit Suisse and Stifel acted as joint bookrunners and Pacific Crest Securities, Oppenheimer & Co. and China Renaissance Securities acted as co-managers for the offering.
LightInTheBox’s registration statement relating to the initial public offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse, Attn: Prospectus Department, Eleven Madison Avenue, New York, New York 10010, United States of America, by email at This email address is being protected from spambots. You need JavaScript enabled to view it., or by phone at +1 (800) 221-1037; or Stifel, Nicolaus & Company, Incorporated, Attn: Prospectus Department, One Montgomery Street, 36th Floor, San Francisco, CA 94104; or by calling +1 (415) 364-2720, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
About LightInTheBox Holding Co., Ltd.
LightInTheBox is a global online retail company that delivers products directly to consumers around the world. The Company offers customers a convenient way to shop for a wide selection of lifestyle products at attractive prices through its www.lightinthebox.com website and through its other websites, which are available in 17 major languages and cover more than 80% of global Internet users. In 2012, the Company ranked number one in terms of revenue generated from customers outside of China among all China-based retail websites that source products from third-party manufacturers. For more information, please visit www.lightinthebox.com.
