LightInTheBox Announces Underwriters’ Exercise of Over-Allotment Option

  LightInTheBox Announces Underwriters’ Exercise of Over-Allotment Option

Business Wire

BEIJING -- June 21, 2013

LightInTheBox Holding Co., Ltd. (NYSE: 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, 36^th 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.

Contact:

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