Vivek Gupta
Large-cap, event-driven, IPOs, value

IPO Review: LightInTheBox Holding - Attractively Priced.

Company: LightInTheBox Holding Co., Ltd.

Exchange: New York Stock Exchange.

Symbol: (NYSE:LITB)

Industry: The global Online Retail Market; China based global online retail exporter.

The Offer:

The Company and its selling shareholders are offering 8,300,000 American Depositary Shares, or ADSs representing 16,600,000 Ordinary Shares. Each ADS represents the two ordinary shares, par value $0.000067 per share. Expected initial public offering price of the ADSs will be between $8.50 and $10.50 per ADS.

Valuations after the current offering:

Shares to be outstanding after the offering 97,912,269 shares** Offer price (mid range) per ADS* $9.5 Valuations at $9.50*** per ADS $465 million *Assumes that the underwriters do not exercise their option to purchase the additional ADSs. ** Each ADS ...
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