According to the Sina Technology news, on April 18, the famous Chinese online shopping website Lightinthebox.com submitted an IPO application (the F1-form) to the U.S. Securities and Exchange Commission to go public. This is a big move for all China-based international online retailers, not just for the company, though it is hard to say whether they can be successfully listed or not so far.
The prospectus of Lightinthebox.com shows that they have become profitable since the Q4 of 2012. It seems many people have deep doubts on the claim as it is not a secret that rare e-commerce websites have really turned profitable, including the most famous Chinese domestic e-commerce websites like Jd.com.
Lightinthebox.com is the first Chinese company to list on the New York Stock Exchange in 2013. They apply for the IPO under the stock exchange code “litb” and offer a rather low fund raising goal with only $86,250,000 USD. This means they won’t get much difficulty finding investors if they successfully go public.
Continue reading Chinese Global Retailer Lightinthebox.com Filed for an IPO