综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Across America

Online retailer to list stock in New York

China Daily | Updated: 2013-04-22 11:23

Beijing-based online retailer LightInTheBox Holding Co, may become the first Chinese company to list its stock on a US exchange this year.

The company filed a registration with the US Securities and Exchange Commission on Thursday for an initial public offering of up to $86.3 million in American depositary shares. LightInTheBox plans to list the shares on the New York Stock Exchange under the symbol LITB.

Founded in 2007, the company offers a variety of products including clothes, electronics and toys that are sold at deep discounts and shipped from China-based suppliers to customers in over 200 countries. Its website has pages in 17 languages.

The lead underwriters of the IPO are Credit Suisse and Stifel Financial Corp, with secondary input from Pacific Crest Securities and Oppenheimer & Co.

LightInTheBox isn't widely known in China, but it ranked No 1 in revenue generated from customers outside the country among all China-based retail websites that source products from third-party manufacturers, the company said, citing a report it commissioned from the firm iResearch.

The retailer has grown significantly since inception. According to its IPO prospectus filed with the SEC, revenue grew from $6.3 million in 2008 to $200 million in 2012. Gross margin last year was 41.8 percent while a net loss totaled $2.3 million, down from $25 million in 2011.

Two venture capital firms, Ceyuan and GSR Ventures, own a little more than 40 percent of LightInTheBox, the prospectus said. As of Dec 31, 2012, the company had more than 205,000 product listings. The number of its customers increased to 2.5 million.

Only two China-based companies had IPOs in the US last year - online retailer Vipshop Holdings Ltd and social-gaming operator YY Inc, which listed its shares in November. The relative paucity after more than a dozen IPOs in 2011 was due in part by concerns over accounting practices of some Chinese companies with US stock listings.

Many US investors are believed to be interested in companies from China, given the country's still-strong economic growth.

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
镇赉县| 黄梅县| 民和| 宕昌县| 葵青区| 高邑县| 鄢陵县| 祁东县| 老河口市| 正阳县| 哈密市| 太原市| 华坪县| 保山市| 高阳县| 和静县| 顺义区| 巧家县| 佛冈县| 庄河市| 金秀| 咸阳市| 博爱县| 沛县| 施秉县| 酉阳| 靖江市| 金塔县| 黑水县| 彭泽县| 河池市| 措勤县| 衡阳县| 平昌县| 娄底市| 宜君县| 仙游县| 颍上县| 汤阴县| 娱乐| 阜阳市|