China’s LightInTheBox Adjusts US IPO Plan, Now Seeks to Raise $100 Million

China’s first tech IPO of 2013 is still in the works as the global B2B e-commerce platform LightInTheBox seeks to hit the New York Stock Exchange tickers. Now Beijing-based LightInTheBox has adjusted its IPO plan slightly and is looking to raise $100 million dollars – a rise from the earlier scope of going up to $86 million.

Aiming to list as NYSE:LITB, LightInTheBox’s new form F-6 filing with the SEC also shows that the company, which helps small business around the world source things directly from Chinese manufacturers, hopes to debut at between $8.50 to $10.50 per share.

LightInTheBox, whose primary competitor is Alibaba’s B2B global sourcing site, says it has 2.5 million users and pulled in $200 million in net revenues in 2012.

LightInTheBox has been invested in by Zhenfund during its growth stages. It has assigned Credit Suisse, Stifel, Pacific Crest Securities, and Oppenheimer and Co as its underwriters.