Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy [TechCrunch Blog]
LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing 2 ordinary shares (LITB)
Last lightinthebox holding co., ltd. american depositary shares, each representing 2 ordinary shares earnings: 6/15 06:00 am
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Source: TechCrunch Blog
Southeast Asia is a growing digital marketplace and increasingly a focus for startups across the world but there haven’t been many exits. So it’s notable, then, that struggling Chinese discount e-commerce service LightInTheBox has closed its acquisition of Singapore-based Ezbuy, which operates a cross-border selling service in Singapore, Malaysia, Indonesia, Thailand and Pakistan. The all-stock deal was first announced in November and it sees LightInTheBox, which operates worldwide, take 100 percent ownership of the company for $85.55 million as it bids to turn its business around. LightInTheBox could certainly do with a boost. The company went public in 2013 with its shares priced at $9.50, but it has spent most the last few months priced under $1. As of today, the stock is worth $0.64, having been as high as $1.35 a month ago. The company’s Q2 results showed revenue was down by 29 percent year-on-year, with net loss for the quarter at $9.5 million up from
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- LightInTheBox Holding Co., Ltd. (NYSE: LITB) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- LightInTheBox Holding Co., Ltd. (NYSE: LITB) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- LightInTheBox Holding Co., Ltd. (NYSE: LITB) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Even after rising 15% this past week, LightInTheBox Holding (NYSE:LITB) shareholders are still down 71% over the past three years [Yahoo! Finance]Yahoo! Finance
- LightInTheBox Files 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
LITB
Sec Filings
- 3/28/24 - Form 20-F
- 3/25/24 - Form 6-K
- LITB's page on the SEC website