LightInTheBox up in debut

Investor's Business Daily

The Chinese online retailer shares rose as much as 32% before closing at 11.61, valuing the company at $600 mil. LightInTheBox (LITB) priced its IPO of 8.3 mil ADRs at $9.50 each, raising about $78.8 mil. The IPO renewed interest in Chinese companies and LightInTheBox is the 1st to go public in the U.S. since the social media platform YY Inc. (YY) debuted in November.

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