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IPO Wish (ContextLogic Inc) Completed: 2020-12-14 22:00:00

-5.21%
Opening price increase
24.00 USD
IPO price
22.75 USD
Opening price after IPO
2021-03-18
End of the lock-up period
Price by the end of the lock-up period
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Wish (ContextLogic Inc)

Wish platform was created by ContextLogic Inc. in 2010 in San Francisco, CA. It is an online e-commerce platform that makes shopping easier for shoppers and allows sellers to list their items quickly and profitably. More than 1M sellers are registered on Wish and more than 80M buyers use the platform every month.

The platform is quite unique: it directly connects buyers and sellers. Wish is a mediator, which is processing payments instead of selling items from its warehouses and handling returns. As a result, everyone wins: both the seller who can sell a product with no extra costs and the buyer who can buy the product cheaper.

The platform's functionality and design are also unusual: buyers receive personalized offers with an emphasis on the visual component.


Wish IPO: Key Facts

Yield Potential: 31%
● IPO Date: December 15
● Exchange: NASDAQ (trading as WISH)
● IPO Size: $1,058B
● Starting Price: $22.00-$24.00
● Underwriters: Goldman Sachs & Co., J.P. Morgan, BofA Securities
● Earnings in 9 mon. 2020: $1,747B
● EBIT in 9 mon. 2020: -$120M
● Net Profit in 9 mon. 2020: -$176M
● Net Debt in 9 mon. 2020: 0

If the IPO is successful, the company's market cap will exceed $13,487B.

Wish IPO Financial Indicators

Since its inception, ContextLogic Inc. raised over $1.80B in venture funding from Formation 8, Third Point Ventures, GGV Capital, Raptor Group, Legend Capital, IDG Capital, DST Global, 8VC, and Vika Ventures.

In August 2019, Wish could get investments reaching $300M, which gave it an estimate of $11.2Bn. Wish IPO may take place with the aim of further raising funds for the development of the company.

Wish IPO Date

Wish is launching its IPO in the NASDAQ on December 15. You can apply to trade Wish IPO before 6:00 pm (UTC+2) on December 14.

Wish IPO Outlook and Target Market

According to analystsʼ data, the world`s eCommerce market reached $3.5T in 2019. Online sales grew at 20% CAGR between 2016 and 2019, while offline retail sales grew by only 3.5% per year. If this trend continues, then the world`s eCommerce market will surpass regular retail volume in 2036. Wish may take a significant share of the market, and Wish IPO will help the company to raise the necessary funds for its further development and scaling.

How to Trade on Wish IPO

Interested in investing into Wish IPO? You can apply to trade Wish IPO before 6:00 pm (UTC+2) on December 14. In order to trade, you need an investment account with Freedom Finance. In case you are interested in investing into an IPO of one of the largest online e-commerce platforms, you need to open and fund account. 

Sticking to the risk management rules when investing in IPO's is both our management's recommendation and the regulators' requirement. This is why all IPO investors are advised to have a diversified portfolio of liquid securities. If you do not know how to build a portfolio, you can use our analysts' recommendations for USD or EUR portfolio.



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