LightInTheBox Announces Underwriters' Exercise of Over-Allotment Option

LightInTheBox Announces Underwriters' Exercise of Over-Allotment Option

BEIJING--(BUSINESS WIRE)-- LightInTheBox Holding Co., Ltd. (NYS: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that the underwriters for the Company's recent initial public offering have exercised in full the over-allotment option to purchase an additional 1,245,000 American depositary shares ("ADSs") from the Company and certain selling shareholders.


Each ADS represents two ordinary shares of the Company and was sold at the price to the public at US$9.50 per ADS. The Company and the selling shareholders raised a total of US$90.7 million in gross proceeds from the initial public offering, after the underwriters' exercise of the over-allotment option in full.

Credit Suisse and Stifel acted as joint bookrunners and Pacific Crest Securities, Oppenheimer & Co. and China Renaissance Securities acted as co-managers for the offering.

LightInTheBox's registration statement relating to the initial public offering was declared effective by, the United States Securities and Exchange Commission. The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, Eleven Madison Avenue, New York, New York 10010, United States of America, by email at newyork.prospectus@credit-suisse.com, or by phone at +1 (800) 221-1037; or Stifel, Nicolaus & Company, Incorporated, Attn: Prospectus Department, One Montgomery Street, 36th Floor, San Francisco, CA 94104; or by calling +1 (415) 364-2720, or by email at syndprospectus@stifel.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About LightInTheBox Holding Co., Ltd.

LightInTheBox is a global online retail company that delivers products directly to consumers around the world. The Company offers customers a convenient way to shop for a wide selection of lifestyle products at attractive prices through its www.lightinthebox.com, www.miniinthebox.com and other websites, which are available in 17 major languages and cover more than 80% of global Internet users. In 2012, the Company ranked number one in terms of revenue generated from customers outside of China among all China-based retail websites that source products from third-party manufacturers. For more information, please visit www.lightinthebox.com.



Investor Relations
ICR, Inc.
Bill Zima
+1 646-405-4933
bill.zima@icrinc.com

KEYWORDS:   United States  Asia Pacific  North America  China  New York

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