LightInTheBox Holding Co., Ltd. IPO Info
Company Name: LightInTheBox Holding Co., Ltd.
Stock Symbol: LITB
Exchange: NYSE
Status: Priced
IPO Date: 6/6/2013
IPO Price:
9.50 (
-14.84%)
Underwriters
Credit Suisse, Stifel, Pacific Crest Securities, Oppenheimer & Co.
Amount of Offering: N/A
Number of Shares Offered: 8.3 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
LightInTheBox is a global online retail company that delivers products directly to consumers around the world.
Financial Data
Financial overview: We have grown significantly since we commenced our operations. Our net revenues grew from $6.3 million in 2008 to $200.0 million in 2012. The number of our customers increased from approximately 36,000 in 2008 to approximately 2.5 million in 2012. We experienced a net loss of $3.0 million, $4.8 million, $21.9 million, $24.5 million and $4.2 million in 2008, 2009, 2010, 2011 and 2012, respectively. We also used cash in operating activities of $2.1 million, $2.3 million, $19.9 million and $14.1 million in 2008, 2009, 2010 and 2011, respectively. We generated $7.4 million in cash from operating activities in 2012.
News Headlines
