Thursday, June 6, 2013

Reuters: Technology News: Chinese online retailer LightIn The Box soars in debut

Reuters: Technology News
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Chinese online retailer LightIn The Box soars in debut
Jun 6th 2013, 13:53

Thu Jun 6, 2013 9:53am EDT

(Reuters) - Shares of LightIn The Box Holdings Co Ltd rose as much as 31.6 percent in their debut on the New York Stock Exchange as investors showed renewed interest in Chinese stocks.

LightIn The Box priced its initial public offering of 8.3 million American Depositary Shares at $9.50 each, raising about $78.8 million.

This is the first Chinese company to go public in the U.S. market after YY Inc's debut in November last year. The social media platform's shares are up about 175 percent since it first started trading on the Nasdaq.

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