Make A Wish
2020 has been a major year for Initial Public Offerings. With big names like Airbnb planning to go public very soon, another well-known internet-based marketplace is also getting ready to kick off its IPO.
E-commerce company Wish is looking to raise as much as $1.1 Billion in its IPO by selling 46 million shares priced between $22 and $24 per share, according to a recent filing released by the company. Privately, the company’s most recent valuation came in at $11.2 billion. Given their plans, Wish’s valuation will surpass that amount and be valued up to $14.07 billion.
Founded by former Google engineer Peter Szulczewski, one of the main concerns for the company comes from its heavy concentration in China. This has had a serious toll on Wish’s health throughout the pandemic as the company has been showing moderate revenue growth and steady losses, according to its prospectus.
Is this one the exciting IPOs you are looking to be a part in the upcoming months or is it an easy pass on this one?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.