WISH News

In another active week for the IPO market, eight companies completed offerings, with the largest and most anticipated IPO, Wish (WISH), putting on an underwhelming performance. Surprisingly, this came alongside the best performing IPO of 2020 as Wunong Net Technology (WNW) traded up over 1,450% in its first few days on the market. Returns for...read more

Wish, which provides an e-commerce platform for ultra-bargain unbranded merchandise, raised $1.1 billion by offering 46 million shares at $24, the high end of the range of $22 to $24. At pricing Wish commands a fully diluted market value of $17.1 billion. Wish plans to list on the Nasdaq under the symbol WISH. Goldman Sachs, J.P. Morgan, BofA Securities, Citi, Deutsche Bank,...read more

Updated Monday, 12/14. 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. Bargain e-commerce platform Wish (WISH) plans to raise $1.1 billion at a $16.4 billion market cap. The company provides an e-commerce platform that connects primarily China-based...read more

Wish, which provides an e-commerce platform for ultra-bargain unbranded merchandise, announced terms for its IPO on Monday. The San Francisco, CA-based company plans to raise $1.1 billion by offering 46 million shares at a price range of $22 to $24. At the midpoint of the proposed range, Wish would command a fully diluted market value of $16.4 billion. The company, which...read more