San Francisco-based Wish joins a list of nearly 650 e-commerce companies that have gone public since 1995, according to Crunchbase data. This list is by no means exhaustive, but reveals that 18 industry IPOs occurred so far in 2020, down from the 38 during all four quarters in 2019. Meanwhile, the largest concentration of IPOs has happened in the past 10 years.
Before Wish makes its public debut, let’s take a look at its funding history and valuation, and dive into its S-1 registration statement, filed under its corporate name, ContextLogic Inc.. The company intends to list its shares on the Nasdaq Global Select Market under the symbol WISH.
Wish, founded in 2010, offers a mobile digital shopping mall. It’s known for its highly-visual and personalized browsing format. In fact, the company revealed in its S-1 that more than 70 percent of the sales on its platform came from personalized browsing.
The company said it has 100 million monthly active users in over 100 countries and...
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