Looking for a refresher course on IPOs bef... Peter Szulczewski is a richer man after taking public the e-commerce company he started nine years ago, which sells cheap junky stuff mostly sourced from China. When Wish begins trading, it has the potential to be valued at approximately $13.5 billion. Wish offers merchandise at steep bargain prices on its website and app, suggesting sellers' items to shoppers via their preferences. According to app analytics service App Annie, Wish is … 7 bought this. Shares of ContextLogic, which does business as the e-commerce site Wish, slid sharply in its first day of trading on Wednesday. Wish has filed to raise around $1 billion in a U.S. IPO. According to 12 analysts, the average rating for ContextLogic stock is "Buy." At first glance, WISH stock looks like a mobile version of Amazon. … Publicly Held. These young companies are just getting started. (WISH) raised $1.1 billion in an IPO on Wednesday, December 16th 2020. It joins Affirm, Airbnb and Roblox in filing this week as many well-known and valuable private companies look to debut befo... ContextLogic Inc. (d/b/a u201cWishu201d) today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange. The opening trade was $22.75 per share, below its IPO pricing of $24 per share. Most items are marked down 80 or 90 percent off of their original price, making them incredibly appealing to the frugal shopper. $15.94. In 2019, ContextLogic's revenue was $1.90 billion, an increase of 10.01% compared to the previous year's $1.73 billion. ContextLogic already has more than 100 million users in many countries. The store provides personalized products, clothing products, accessories, gaming products and equipment, cosmetics, plastic products, mobile covers, and other products. General Atlantic-backed e-commerce firm Wish made public on Friday its regulatory filing for an IPO to list its shares on the Nasdaq, joining a host of companies rushing to take advantage of investor ap... ContextLogic is the company that owns the Wish e-commerce platform. Stock analysis for ContextLogic Inc (WISH:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Wish stock sank on its first trading day, but bounced back on day two, up 14%. December 17, 2020. The 12-month stock price forecast is 26.80, which is an increase of 43.78% from the latest price. Nasdaq 100. WISH has gone public in an offering which has not been a success. The firm provides a mobile-first e-commerce platform for merchants in China and elsewhere. Their average twelve-month price target is $24.25, predicting that the stock has a possible upside of 31.87%. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Dec.16 -- Piotr Szulczewski, founder and chief executive officer at Contextlogic Inc.'s Wish, discusses dipping below its inital price on its debut of trading. Benzinga - 2 months ago Wish Raises $1.1B In IPO Priced At Top Of Range 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. Founded in 2010, San Francisco-based ContextLogic (NASDAQ:WISH) is a fast-growing global e-commerce platform focusing on discounted goods. Wish plans to sell 46 million shares priced between $22 and $24 per share, according to the filing. The Wish IPO is set to begin trading Wednesday. We launched Wish with a simple mission—to bring an affordable and entertaining mobile shopping experience to billions of consumers around the world.
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