LightInTheBox's Shares Surge 22% To $11.61 As Etailer Launches 2013?s First Chinese IPO In U.S.

Online e-commerce site LightInTheBox became the first Chinese company to hold its IPO in the U.S. this year. Trading under the ticker LITB, shares rose 22.2% to $11.61 during the stock's first day of trading on the New York Stock Exchange, raising a total of $79 million. LightInTheBox's strong debut also boosted shares of other Chinese tech stocks, including fellow online retailer Vipshop, which rose almost 3% to $29.46. Shares of search giant Baidu climbed 3.9% to $4.15, while travel agency Ctrip.com International jumped 6.3% to $32.91.

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