Online retail company, LightInTheBox Holding Co., Ltd (LITB), Thursday said it priced the initial public offering of 8,300,000 American depositary shares at $9.50 per ADS, for a size of $78.85 million. The ADSs are expected to begin trading on the New York Stock Exchange on June 6 under the symbol LITB.
The underwriters have been given an option of buying 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.
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