U.S. investment immigration focuses on American life and economic news: Last week, the U.S. stock market experienced significant fluctuations but ultimately achieved an increase. The online retail company, LightInTheBox, went public on the New York Stock Exchange on the 6th, becoming the first Chinese company to list in the U.S. in 2013.
LightInTheBox issued 8.3 million American Depositary Shares (ADS) at an issuance price of $9.50, raising a total of $78.85 million. The opening price on the 6th was $11.16, and it surged by 12.28% in the first two days of trading.
The last Chinese company to list in the U.S. was YY Inc., which went public on NASDAQ on November 21, 2012. Market analysts believe that the performance of LightInTheBox's stock post-listing is impressive, which will benefit other Chinese companies preparing to go public in the U.S. The recent signing of a memorandum of understanding on enforcement cooperation between Chinese and U.S. regulatory agencies marks an important step in audit regulation, which is conducive to increasing the transparency of Chinese companies and will attract more investors to pay attention to Chinese firms. The trend of Chinese companies going public in the U.S. is expected to recover. It is reported that about 30 other Chinese companies are preparing to list in the U.S.