Lightinthebox (兰亭集势) successfully landed the NYSE: first day rose by 22.21%

Lightinthebox (兰亭集势, NYSE Code: LITB), the no.1 domestic B2C website engaging in foreign trade in China landed on the NYSE yesterday. The share price closed at $ 11.61, 22.21% higher than the issue price. The highest intraday share price touched $ 12.69, 33.6% higher than the issue price.

The stock prospectus shows that under U.S. GAAP, Lightinthebox (兰亭集势, NYSE: LITB)’s first quarter net revenues in 2013 amounted $ 73.31 million, operating profit was $ 3.2 million, net profit after deducting interest and taxes was $ 2.61 million.

Lightinthebox (兰亭集势, NYSE: LITB) was established in 2007, the holding company was registered in the Cayman Islands, and carries out global online retail business through its subsidiaries in Hong Kong and the mainland and its affiliates. The company’s net revenues grew from $ 6,256,000 in 2008 to $ 200 million in 2012.

Lightinthebox (兰亭集势, NYSE: LITB) served customers through 17 major languages. In 2012, 98% of its revenue was from overseas users, the major markets are in Europe and North America. The number of customers increased from 36,000 in 2008 to 2.479 million in 2012.

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Source: Tencent Technology

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