EBay Inc. trades at 3.37 times the same metric. 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. Wish Stock Falls Below Its $24 IPO Price Shares of ContextLogic, which does business as the e-commerce site Wish, dropped 16% in its first day of trading on Wednesday. As of the IPO, there were 50,000 Wish Local partners in 50 countries. Dec 8, 2020 12:17PM EST. Contributor. WISH: Get the latest ContextLogic stock price and detailed information including WISH news, historical charts and realtime prices. Christine Hall ChristineMHall. (WISH) raised $1.1 billion in an initial public offering (IPO) on Wednesday, December 16th 2020. Wish, which is expected to price Tuesday and start trading the following day, could get a lift from the . Continue reading Wish stock Reuters Reuters. Wishs filing sees it join the 2020 IPO ContextLogic Inc., the parent company of mobile-focused e-commerce platform Wish, priced the shares for its initial public offering at $24 Tuesday, the top of its proposed range. The company issued 46,000,000 shares at a price of $22.00-$24.00 per share. Jennifer Saba Reuters Published. Wish is a stock that its difficult to judge what should happen to its earnings in the near future. ContextLogic, which does business under the name of Wish, priced its IPO at $24 a share, according to people briefed on the matter, raising $1.1bn to [] Wish has managed to hit unicorn statusa startup with a valuation exceeding $1 Should You Buy Wish Stock If There is an IPO? According to Reuters, the IPO price has valued ContextLogic at $14.1 billion. Wish Sets IPO Price Range. With that in mind, here are 11 things to know about WISH stock and the Wish IPO: Wish will start trading on the Nasdaq Exchange this week under the symbol WISH. Join over 500 million others that have made their shopping more smart, fun, and rewarding. ContextLogic, which does business under the name Wish, priced IPOs at $24 a share, according to unnamed sources quoted by FT, which was the upper tier of the companys $22 to $24 price Shares finished down $3.95, or 16.5%, at $20.05. Wish, an E-Commerce Company, Gets Ready to Join the 2020 IPO Party It has a popular app, but investors aren't able to see the company's financials right now. December 7, 2020. There are videos all over the Internet of people getting dozens of articles of clothing for $50 to $100. What to Know About Wishs 2020 IPO. Competition and risk For all that's going in the company's favor, e-commerce is a notoriously competitive industry. ; WISH had planned to sell 46M shares in "Markets tend to be volatile. ContextLogic Inc. (WISH): Price and Financial Metrics Recent IPO. successful public offerings of tech industry counterparts . WISH stock will start trading this week, and investors should keep the Wish IPO on their radar. Amazon isnt the only e-commerce giant in the US. Wish registered plans this morning to sell 46 million shares at between $22 an $24 per share in an IPO thats expected to take place next week. The Wish IPO raised $1.1 billion by offering 46 million shares at $24, the high end of its estimated price range, for the e-commerce company. Amazon trades at 3.6 times its 2021 sales estimates, according to data compiled by Bloomberg. From Here's what you need to know. Further Reading Shopping Made Fun. The IPO for Wish, as it's known by its customers, was priced at $24 each. At its IPO price, Wish trades at about four times its projected 2022 sales, according to a person familiar with the matter. Wish WISH, +4.76% expects to sell 46 million shares at that price to raise at least $1.1 billion at a market capitalization of more than $14 billion. The e-commerce startup made a confidential IPO filing with the SEC on Aug. 31. ContextLogic (NASDAQ:WISH) has priced its IPO at $24 to raise $1.1B, giving an initial valuation of $17B - Bloomberg. Benzinga - 2 months ago. At its IPO price, Wish would trade at about four times its projected 2022 sales, according to a person familiar with the matter. E-Commerce Unicorn Wish Files for IPO The company could command a $30 billion valuation in connection with its public debut. Wish intends to raise $1 billion in gross proceeds from an IPO of 46 million shares of its Class A common stock, offered at a proposed midpoint price of $23.00 per share. Photograph: Gabby Jones/Bloomberg . Christine Hall. Despite the disappointing debut, Wishs first day of trading lifted the fortune of cofounder and CEO Szulczewski to $2.1 billion, from an estimated $1.8 billion before the IPO. At its IPO price, Wish would trade at about four times its projected 2022 sales, according to a person familiar with the matter. WISH Home; News; Ratings; Charts; Social; Price Target $ 18.39 0.72 (-3.77%) Pre-market: $18.36 -0.75 (-3.92%) Mar 12 9:04am. Wish IPO: 11 Things for Potential WISH Stock Investors to Know. Email; Facebook; Twitter; LinkedIn; Mobile e-commerce shopping startup Wish set a tentative pricing range for its upcoming initial public offering at between $22 and $24 a share, according to a new SEC filing Monday. Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far Unpacking the C3.ai IPO filing (EC) With a 2021 IPO in the cards, what do Business Insider UK. Breakingviews - Wishs cut-price approach fails to extend to IPO. EBay Inc. trades at 3.37 times the same metric. When Wish begins trading, it has the potential to be valued at approximately $13.5 billion. A representative for Wish declined to comment. We got to a great place," Wish's CFO, Rajat Bahri, told Protocol. Wish owner ContextLogic looks to raise more than $1bn in IPO Group aims to follow in footsteps of DoorDash, Airbnb Tue, Dec 15, 2020, 08:26. Goldman Sachs & Co., J.P. Morgan and BofA Securities served as the underwriters for the IPO and Citigroup, Deutsche Bank Securities, UBS Investment Bank, RBC Capital Markets and Credit Suisse were co-managers. InvestorPlace - 2 months ago. Shares for Wish ended up opening lower than its IPO price at $22.75, and continued to fall in trading before closing at $20.05, down over 16% from its pricing a tech IPO more reminiscent of last year's disappointing Uber IPO than the exuberance of last week's debuts. 11 Shares. 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. The ecommerce site Wish sold shares to investors at the top of its price range, in another sign of the strong demand for initial public offerings from technology companies. Wishs growth has been very uneven. Wish intends to raise $1 billion in gross proceeds from an IPO of 46 million shares of its Class A common stock, offered at a proposed midpoint price of $23.00 per share. ContextLogic Inc. (WISH): $18.39 -0.72 (-3.77%) POWR Rating. Wish's IPO will raise as much as $1.1 billion in funds for the company, giving it an initial valuation of $17 billion on a fully diluted basis, according to Bloomberg. We have 9 different ratings for every stock to help you appreciate its future potential. Updated Monday, 12/14. The wish IPO prices late Tuesday and trades Wednesday. Wish, the world's most-downloaded shopping app, has filed to go public after reporting $1.75 billion in revenue in the first 9 months of the year . Shares of Wish, as it's known by its customers, were priced at $24. Danny Vena (TMFLifeIsGood) Nov 23, 2020 at 12:49PM Author Bio. Amazon trades at 3.6 times its 2021 sales estimates, according to data compiled by Bloomberg. The Wish IPO date will depend on several factors. A representative for Wish declined to comment. It is unusual for a company to trade below its IPO price on the first day, particularly in a large offering. Sign Up to See RatingsFREE! After all, the e-commerce industry itself was worth $2.1 trillion in 2019, and that number may double soon. Wish can compete simply due to its low pricing and ability to suck people in. Wish Sets IPO Price Range. Component Grades. IPO Outlook: Popular E-commerce Company Wish, Plus Offerings From A Personal Loan The current range would value Wish at