Rumor: LightInTheBox to IPO in 2013
Sohu IT, 1/21/13
A senior executive at Beijing-based English-language wholesale B2C e-commerce platform LightInTheBox has revealed that the company has begun preparations for a Nasdaq IPO. Stock option preparations for LightInTheBox employees are reportedly near completion.
The majority of LightInTheBox's business comes from overseas. Custom wedding dress orders account for 50% of the company's revenue and bring in a high profit margin, while little-to-no need to maintain inventory.
Keywords: e-commerce LightInTheBox Internet IPO Nasdaq overseas revenue wholesale B2C stock option
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