Tag Archives: LightInTheBox

Top Asia & Pacific Deals for August 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,900,000,000 91 Wireless Baidu Mobile & Apps Acquisition
2 $865,000,000 AXIS Axiata Hardware & Infrastructure Acquisition
3 $810,000,000 Beidou China Hardware & Infrastructure Investment
4 $700,000,000 360Buy Ontario Teachers’ Retirement Fund, Kingdom Holdings Ecommerce Investment
5 $586,000,000 Sina Weibo Alibaba Media Investment
6 $448,000,000 Sogou Tencent Software and Services Investment
7 $370,000,000 PPS Baidu Software & Services Acquisition
8 $294,000,000 Autonavi Alibaba Hardware & Infrastructure Public Acquisition
9 $215,000,000 iSelect Undisclosed Media Public
10 $200,000,000 Flipkart Consortium Ecommerce Investment
11 $198,630,000 ISP Dodo M2 Telecommunications Hardware & Infrastructure Acquisition
12 $160,000,000 Nuomi Baidu Transactions Investment
13 $110,000,000 Directi Endurance International Ecommerce Acquisition
14 $100,000,000 Lazada Consortium Ecommerce Investment
15 $100,000,000 Zalora Consortium Ecommerce Investment
16 $79,000,000 LightInTheBox Undisclosed Ecommerce Public
17 $71,000,000 Montage Technology Undisclosed Hardware & Infrastructure Public
18 $60,000,000 Tuniu Temasek, DCM Transactions Investment
19 $57,000,000 Qunar Consortium Media Investment
20 $56,058,000 Adam Internet iiNet Hardware & Infrastructure Acquisition

More information

  1. Baidu Agrees To Buy Chinese Android App Distributor 91 Wireless For $1.9B (Techcrunch)
  2. Malaysia’s Axiata boosts Indonesia business with $865 million acquisition of AXIS (Tech In Asia)
  3. China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS (Techcrunch)
  4. China’s 360Buy Unwraps Massive New Funding Round of $700 Million (Tech In Asia)
  5. Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba (Techcrunch)
  6. Sogou Secured $448 million Investment from Tencent, will Merge Soso (Technode)
  7. Baidu Confirms $370M Purchase Of PPS, Underscoring Online Video’s Importance For Internet Companies Around The World (Techcrunch)
  8. Alibaba Explores Online Mapping, Takes Stake in Autonavi For $294 Million (Tech in Asia)
  9. iSelect raises A$215m in its ASX IPO at 24.5*CY13 NPAT, but drops 15.7% on Day 1 (Australian Technology Transactions)
  10. India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors (Techcrunch)
  11. M2 Telecommunications acquires ISP Dodo for A$203.9m and junior telco Eftel for A$44.1m, 5*FY14 EBITDA (Australian Technology Transactions)
  12. Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million (Tech in Asia)
  13. Directi Acquired for $ 110 mn by Endurance International (NextBigWhat.com)
  14. Rocket Internet’s Lazada Lands $100M As It Seeks To Become The “Amazon Of Southeast Asia” (Techcrunch)
  15. Zalora, Rocket Internet’s SE Asian Zappos Clone, Raises $100M More From Summit, Kinnevik And More (Techcrunch)
  16. LightInTheBox’s Shares Surge 22% To $11.61 As E-tailer Launches 2013′s First Chinese IPO In U.S. (Techcrunch)
  17. Montage Technology prices IPO at $10, below the range (NASDAQ)
  18. Travel Service Tuniu Raised $60 million in Series D (TechNode)
  19. Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott (Techcrunch)
  20. iiNet happy with net benefits of Adam Internet acquisition (The Australian)

Top IPOs for July 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $396,000,000 CDW Undisclosed Hardware & Infrastructure Public
2 $245,000,000 Tableau Software Undisclosed Software & Services Public
3 $215,000,000 iSelect Undisclosed Media Public
4 $187,000,000 Gogo Undisclosed Software & Services Public
5 $105,000,000 Marin Software Undisclosed Marketing Public
6 $101,200,000 Xoom Undisclosed Transactions Public
7 $88,000,000 Cyan Undisclosed Hardware & Infrastructure Public
8 $84,000,000 Rally Software Undisclosed Software & Services Public
9 $81,000,000 ChannelAdvisor Undisclosed Software & Services Public
10 $79,000,000 Marketo Undisclosed Marketing Public
11 $79,000,000 LightInTheBox Undisclosed Ecommerce Public
12 $75,000,000 Tremor Video Undisclosed Marketing Public
13 $1,695,000 Enprise Group Undisclosed Software & Services Public

More information

  1. IPO roundup: CDW rises, Tremor stumbles (USA Today)
  2. Big Data Analytics Specialist Tableau Software Raises $254M In IPO, Shares Close 64% Up; Marketo’s First Day Up 78% To $23.10 (Techcrunch)
  3. iSelect raises A$215m in its ASX IPO at 24.5*CY13 NPAT, but drops 15.7% on Day 1 (Australian Technology Transactions)
  4. Gogo IPO Raises $187 Million (Hispanic Business)
  5. Ad-Tech Specialist Marin Software Raises $105M In IPO As Shares Pop 40%, But Now Under $18 (TechCrunch)
  6. Xoom zooms higher in market debut after $100 million IPO (Techcrunch)
  7. Cyan Receives $88,000,000 New Funding (Xconomy)
  8. Enterprise Specialist Rally Software Raises $84M In IPO As Shares Pop 28%, Now Trading At $18 (Techcrunch)
  9. ChannelAdvisor: Riding The E-Commerce Megatrend (Forbes)
  10. Marketo jumps 78% after strong $79M IPO (Biz Journal)
  11. LightInTheBox’s Shares Surge 22% To $11.61 As E-tailer Launches 2013′s First Chinese IPO In U.S. (Techcrunch)
  12. IPO roundup: CDW rises, Tremor stumbles (USA Today)
  13. Datasquirt Relists on the NSX as Enprise Group in A$1.74m IPO (Australian Technology Transactions)

The Effect of LightInTheBox’s Successful IPO

Commentary

The Effect of LightInTheBox’s Successful IPO

Ecommerce shopping site LightInTheBox is the first Chinese company to go public in the US this year. The Beijing-based company raised $79 million and is now valued at $465 million. The ecommerce startup, which sells inexpensive products, had priced its IPO at $9.50 and by 4pm it gained $2.11, to $11.61, jumping 22 percent on its first day.

LightInTheBox’s key executives have been hard at work before the IPO. Its founder and Chief Executive Alan Guo, formerly from Google China, held a two-week roadshow, travelling to London and several US cities, with lots of face-to-face meetings with investors.

The last two Chinese companies that had their US IPOs in 2012 were ecommerce site Vishop and social-networking startup YY. Both had dismal public debuts but have since significantly improved. Vipshop’s value has leaped by 436 percent while YY has climbed 143 percent since its IPO. LightInTheBox’s triumph helps fuel the interest of the US investors in Chinese companies, while encouraging Asian startups that the same can be achieved.