ContextLogic (WISH)

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#1
Wish falls as much as 16% below IPO price in trading debut after raising $1.1 billion
* Wish parent company ContextLogic fell as much as 14% in its trading debut on Wednesday, giving the e-commerce company a market valuation of about $15 billion.
* The company raised $1.1 billion when it priced its IPO at $24 per share, giving it an initial market valuation of $17 billion on a fully diluted basis.
* An IPO frenzy has quickly materialized in the fourth quarter of 2020, given the eye-popping surge in recent trading debuts for Airbnb, DoorDash, and C3.ai.
* Watch Wish trade live here.

By Matthew Fox
Dec. 16, 2020, 06:03 PM

Wish parent company ContextLogic fell 5% at the open of its trading debut on Wednesday, giving the e-commerce company a market valuation of about $15 billion on a fully diluted basis.

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.

Wish priced its IPO at $24 per share, raising $1.1 billion in proceeds at a valuation of $17 billion. That's well ahead of the company's last fundraising round as a private company in August 2019, when the firm raised $300 million at a valuation of $11 billion.

Wish was created by former Google engineer Piotr Szulczewski. The e-commerce platform relies on a personalized visual browsing experience rather than the traditional search and go shopping habits facilitated by a search bar.

More details in https://markets.businessinsider.com/news...1029899448
Specuvestor: Asset - Business - Structure.
Reply
#1
Wish falls as much as 16% below IPO price in trading debut after raising $1.1 billion
* Wish parent company ContextLogic fell as much as 14% in its trading debut on Wednesday, giving the e-commerce company a market valuation of about $15 billion.
* The company raised $1.1 billion when it priced its IPO at $24 per share, giving it an initial market valuation of $17 billion on a fully diluted basis.
* An IPO frenzy has quickly materialized in the fourth quarter of 2020, given the eye-popping surge in recent trading debuts for Airbnb, DoorDash, and C3.ai.
* Watch Wish trade live here.

By Matthew Fox
Dec. 16, 2020, 06:03 PM

Wish parent company ContextLogic fell 5% at the open of its trading debut on Wednesday, giving the e-commerce company a market valuation of about $15 billion on a fully diluted basis.

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.

Wish priced its IPO at $24 per share, raising $1.1 billion in proceeds at a valuation of $17 billion. That's well ahead of the company's last fundraising round as a private company in August 2019, when the firm raised $300 million at a valuation of $11 billion.

Wish was created by former Google engineer Piotr Szulczewski. The e-commerce platform relies on a personalized visual browsing experience rather than the traditional search and go shopping habits facilitated by a search bar.

More details in https://markets.businessinsider.com/news...1029899448
Specuvestor: Asset - Business - Structure.
Reply
#2
Was not aware Wish parent IPOed. I'm bearish without looking at the financials, given its Google search trend, and the general bad reviews of products sold on it's platform among the Tech community: https://www.youtube.com/results?search_q...ish+review
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply
#2
Was not aware Wish parent IPOed. I'm bearish without looking at the financials, given its Google search trend, and the general bad reviews of products sold on it's platform among the Tech community: https://www.youtube.com/results?search_q...ish+review
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply


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