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Lightinthebox Holding Co Ltd Announces Pricing Of Initial Public Offering


Thursday, 6 Jun 2013 03:30am EDT 

Lightinthebox Holding Co Ltd announced that it has priced initial public offering of 8,300,000 American depositary shares (ADSs), with each ADS representing two ordinary shares of the Company, at USD9.50 per ADS, for a total offering size of approximately USD78.85 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. 

Company Quote

6.5
-0.07 -1.07%
1:02pm EST