The calm before the storm. The Wish IPO date will depend on several factors. In a press release from August 2020, the company announced it had confidentially submitted a draft registration statement with the Securities and Exchange Commission relating to a proposed Initial Public Offering. Wish reported $1.75 billion in revenue for the nine months ended Sept. 30 and a net loss of $176 million. Alex breaks down Wish’s marketplace business model and details some of the reasons he’s bearish on platform stock… By. Sign Up to See Ratings...FREE! What to Know About Wish’s 2020 IPO. We have 9 different ratings for every stock … Wish intends to raise $1 billion in gross proceeds from an IPO of 46 million shares of its Class A common stock, offered at a proposed midpoint price of $23.00 per share. Wish Files For IPO Citing Losses, Revenue Growth Due To COVID-19 Wish revealed in its IPO filing that it is quite cash wealthy, with about $1.1 billion in cash, cash equivalents and marketable securities. Wish had planned to sell 46 million shares within a targeted range of $22 and $24 per share. This influx of IPOs is a good indication of how the tech market tends to operate: It’s a highly competitive space filled with young, growth-oriented … WISH Is Not On My Wish List. Wish’s filing sees it join the 2020 IPO wagon. Luisa Beltran. The stock opened at $22.75 and hit an intraday low of $20.05, representing a decline of 16% from its initial public offering price of $24. When Wish parent ContextLogic (NASDAQ:WISH) stock had its IPO on Dec. 16, many expected shares to pop. ContextLogic, the parent of Wish, entered the market amid a slew of other tech-focused stock launches, including BigCommerce, Asana, Palantir, Airbnb and DoorDash. The stock received considerable hype before going public as it is a tech company with nearly $2 … Wish is benefiting from the rapid rise of e-commerce around the world. Ordering from Wish is far from perfect, according to Plummer, the North Carolinian customer. Wish, which provides an e-commerce platform for ultra-bargain unbranded merchandise, announced terms for its IPO on Monday. 6 hours ago - Korean E-Commerce Giant Coupang Skyrockets on IPO - The Motley Fool 7 hours ago - Stanley Druckenmiller, Bill Ackman are among the big early investors in hot IPO Coupang - CNBC 7 hours ago - Coupang's Blockbuster IPO Pushes Its Founder's Fortune Up By 10-Fold In Minutes - Forbes 7 hours ago - Coupang—The Amazon Of South Korea—Just Became The Largest Foreign IPO … WISH Home; News; Ratings; Charts; Social; Price Target $ 18.39 0.72 (-3.77%) Pre-market: $18.36 -0.75 (-3.92%) Mar 12 9:04am. Despite a recovery in the first weeks of this year, Wish’s stock was still down around 20% from its initial IPO price as of Monday. The IPO gives ContextLogic, which does business as Wish, a market capitalization of $14.1 billion. Amazon isn’t the only e-commerce giant in the US. Updated Monday, 12/14. Wish, a marketplace specializing in inexpensive goods from majority Chinese sellers, has released its S-1 prospectus as the company plans to go public on the Nasdaq Global Select Market under the symbol “WISH”. Wish IPO Presents A Mixed Bag For Investors. Wish IPO: Here's What You Should Know About the High-Growth E-Commerce Marketplace. While you may have missed the WISH IPO, no doubt there'll be more opportunities ahead. Wish owner ContextLogic looks to raise more than $1bn in IPO Group aims to follow in footsteps of DoorDash, Airbnb Tue, Dec 15, 2020, 08:26. Online marketplace Wish filed its IPO prospectus with the Securities and Exchange Commission. Despite the disappointing debut, Wish’s first day of trading lifted the fortune of cofounder and CEO Szulczewski to $2.1 billion, from an estimated $1.8 billion before the IPO. Wish's stock opens below IPO price 2 months ago by MarketWatch Shares of ContextLogic Inc. undefined, the parent of mobile e-commerce platform Wish, started their public life on a downbeat note, as they opened 5.2% below. The mobile commerce market was worth $2.1 trillion in 2019 and is estimated to hit $4.5 trillion by 2024. Six IPOs and five SPACs are scheduled to raise $2.8 billion in the week ahead as the IPO market starts to slow down before the holidays. Wish has managed to hit unicorn status—a startup with a valuation exceeding $1 billion—since it was founded in 2010. With respect to the expenses, WISH has not increased the amount of sales and marketing expenses a lot. Wish was founded in 2010 by Peter Szulczewski. WISH: Get the latest ContextLogic stock price and detailed information including WISH news, historical charts and realtime prices. Updated Dec. 16, 2020 5:05 pm ET / Original Dec. 16, 2020 3:23 pm ET Order Reprints Print Article Text size. ContextLogic recently went public through its IPO proved underwhelming.WISH started at $24, dropped to $20.05, hit $23.55 by the end of its first trading week, and has since slid down to $22.41. Most notably, Peter Szulczewski, Wish’s founder and CEO. Wish, an E-Commerce Company, Gets Ready to Join the 2020 IPO Party It has a popular app, but investors aren't able to … Component Grades. Wish is an online marketplace that features a variety of discounted goods, ranging from cheap home wares and apparel to electronics and toys. IPO News. The latest round boosts Wish’s valuation to $11.2 billion from $8.7 billion in late 2017, strengthening Wish’s status as one of the most valuable unicorns in … Further Reading Photograph: Gabby Jones/Bloomberg . Wish also has over 500,000 merchant partners and has shipped over 640 million items worldwide. So far, about 50,000 stores have signed on, according to the IPO filing. The e-commerce startup made a confidential IPO filing with the SEC on Aug. 31. He controls 65.5% of the company’s Class B shares and around 58% of its total voting power, pre-IPO. As the stock ticker symbol implies, ContextLogic is the parent company of Wish. Why WISH Stock Is a Sell After the IPO By Alex Kagin , Director of Technology Investing Research , Money Morning • @alexkagin • January 25, 2021 Start the conversation Amazon & Alibaba were once underestimated Lawrence Nga | Jan 27, 2021 . ContextLogic Inc. (WISH): Price and Financial Metrics Recent IPO. ContextLogic Inc. (WISH): $18.39-0.72 (-3.77%) POWR Rating. After all, the e-commerce industry itself was worth $2.1 trillion in 2019, and that number may double soon. In today's video I talk about ContextLogic(WISH) stock's IPO. Wish Stock Falls Below Its $24 IPO Price. Wish reportedly prices IPO at $24 per share, will raise $1.1 billion at a valuation of $17 billion WISH stock is going to be one to watch.