Industry Newsroom

China E-Commerce Firm Lists on NYSE (Asia)

Chinese e-commerce company LightInTheBox has held an initial public offering on the New York Stock Exchange, reportedly raising US$79 million. The listing marks the first initial public offering of a Chinese company on a U.S. stock exchange in 2013 to date. The company is backed by China-focused private equity and venture capital firms TrustBridge Partners, Ceyuan Ventures and GSR Ventures, who collectively invested US$35 million in LightInTheBox in October 2010.