The Hong Kong office of the Firm represented LightInTheBox Holding Co., Ltd. (“LightInTheBox”) in connection with its initial public offering and listing on the New York Stock Exchange of 9,545,000 American Depositary Shares, each representing two ordinary shares. LightInTheBox and its selling shareholders raised a total of US$90.7 million in gross proceeds from the offering, after the exercise of the underwriters’ over-allotment option. Credit Suisse Securities (USA) LLC and Stifel, Nicolaus & Company, Incorporated acted as the joint bookrunners for the offering. This transaction is the first US IPO of a Chinese company in 2013.
LightInTheBox is a global online retail company that delivers products directly to consumers around the world. LightInTheBox’s American Depositary Shares are traded on the New York Stock Exchange under the symbol of “LITB.”
The Simpson Thacher team for the transaction included Leiming Chen, David Lee and Tianyi Chen (Corporate), Lori Lesser, Michelle Hertz, Genevieve Dorment and Michael J. Cardella (IP) and Rob Holo, Jonathan Cantor and Jodi Sackel (Tax).
