LightInTheBox Sets the Price of Today’s IPO at $9.5 ADS to Raise $78.85 million

LightInTheBox (NYSE: LITB) sets today’s IPO price at $9.50 per ADS, raising $78.85 million. It gives the company a market value of approximately $465 million.

Founded in 2007, the company is an online retailer best-known for low-priced, made-in-China wedding dresses and other fashion and lifestyle goods.

In 2012, 98% of its total orders were from outside China. In Q1 2013, 64.7%, 19.8% and 7% of its net revenues are from Europe, North America and South America, respectively.

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