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Provider: Reuters Investment Profile
Provider: Zacks Investment Research Inc.
Provider: Zacks Investment Research Inc.

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LightiInthebox Holding Co Ltd Announces Underwriters’ Exercise of Over-Allotment Option

Friday, 21 Jun 2013 04:01pm EDT 

LightiInthebox Holding Co Ltd announced that the underwriters for the Company`s recent initial public offering have exercised in full the over-allotment option to purchase an additional 1,245,000 American depositary shares (ADSs) from the Company and certain selling shareholders. Each ADS represents two ordinary shares of the Company and was sold at the price to the public at USD9.50 per ADS. The Company and the selling shareholders raised a total of USD90.7 million in gross proceeds from the initial public offering, after the underwriters` exercise of the over-allotment option in full. 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

-0.16 -2.73%
29 Aug 2014