WeShop Holdings, a St. Helier, Jersey-based social commerce platform that offers consumers shares in the company, filed on Monday to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock will be sold by existing shareholders; WeShop Holdings will not raise new capital in its listing. The company did not disclose a reference price or anticipated timing of its listing.
The Registered Stockholders plan to sell up to 15.8 million shares. WeShop Holdings previously sold shares of common stock at a price of $6.40 per share to investors in a private placement in March 2024.
The company provides a network for consumers to review purchases in exchange for points, receiving points either by referring others to the platform, or purchasing from another user's recommendation. WeShop provides users with a reward system called WePoints, which it plans to make convertible into shares of WeShop stock following its listing on the Nasdaq.
The St. Helier, Jersey-based company was founded in 2021 and plans to list on the Nasdaq under the symbol WSHP. WeShop Holdings filed confidentially on December 23, 2024. As a direct listing without a firm commitment offering, there are no underwriters on the deal; ThinkEquity will serve as a financial advisor.
