Shares of Chinese online clothing retailer Mecox Lane (MCOX.NASDAQ) closed up 57% on their first trading day on Tuesday, Reuters reported. Investors excited by opportunities in China’s online retail sector helped push the shares up by as much as 68% at one point on the company’s Nasdaq debut, before the shares settled at US$17.26 after starting at US$11. Mecox Lane sells clothes and accessories through its website, M18.com, targeting young urban women. It carries proprietary brands like Euromoda and Rampage and third-party brands such as Adidas. The company also sells products through a network of 478 stores in 182 cities in China. Mecox sold 11.74 million American depositary shares for US$11 each in its IPO, raising US$129.17 million. It had originally planned to offer the shares at a price range of between US$8 and US$10.