In today's video I talk about ContextLogic(WISH) stock's IPO. Wish IPO Presents A Mixed Bag For Investors. When Wish parent ContextLogic (NASDAQ:WISH) stock had its IPO on Dec. 16, many expected shares to pop. With respect to the expenses, WISH has not increased the amount of sales and marketing expenses a lot. 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's stock opens below IPO price 2 months ago by MarketWatch Shares of ContextLogic Inc. undefined, the parent of mobile e-commerce platform Wish, started their public life on a downbeat note, as they opened 5.2% below. The Wish IPO date will depend on several factors. Why WISH Stock Is a Sell After the IPO By Alex Kagin , Director of Technology Investing Research , Money Morning • @alexkagin • January 25, 2021 Start the conversation Ordering from Wish is far from perfect, according to Plummer, the North Carolinian customer. Luisa Beltran. We have 9 different ratings for every stock … Online marketplace Wish filed its IPO prospectus with the Securities and Exchange Commission. Wish Files For IPO Citing Losses, Revenue Growth Due To COVID-19 Wish revealed in its IPO filing that it is quite cash wealthy, with about $1.1 billion in cash, cash equivalents and marketable securities. WISH: Get the latest ContextLogic stock price and detailed information including WISH news, historical charts and realtime prices. ContextLogic recently went public through its IPO proved underwhelming.WISH started at $24, dropped to $20.05, hit $23.55 by the end of its first trading week, and has since slid down to $22.41. Component Grades. 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. Updated Monday, 12/14. While you may have missed the WISH IPO, no doubt there'll be more opportunities ahead. Wish, which provides an e-commerce platform for ultra-bargain unbranded merchandise, announced terms for its IPO on Monday. He controls 65.5% of the company’s Class B shares and around 58% of its total voting power, pre-IPO. Sign Up to See Ratings...FREE! Wish Stock Falls Below Its $24 IPO Price. Wish, an E-Commerce Company, Gets Ready to Join the 2020 IPO Party It has a popular app, but investors aren't able to … This influx of IPOs is a good indication of how the tech market tends to operate: It’s a highly competitive space filled with young, growth-oriented … 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. ContextLogic Inc. (WISH): Price and Financial Metrics Recent IPO. Wish’s filing sees it join the 2020 IPO wagon. 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. IPO News. As the stock ticker symbol implies, ContextLogic is the parent company of Wish. WISH Is Not On My Wish List. WISH stock is going to be one to watch. Photograph: Gabby Jones/Bloomberg . 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. 6 hours ago - Korean E-Commerce Giant Coupang Skyrockets on IPO - The Motley Fool 7 hours ago - Stanley Druckenmiller, Bill Ackman are among the big early investors in hot IPO Coupang - CNBC 7 hours ago - Coupang's Blockbuster IPO Pushes Its Founder's Fortune Up By 10-Fold In Minutes - Forbes 7 hours ago - Coupang—The Amazon Of South Korea—Just Became The Largest Foreign IPO … Amazon & Alibaba were once underestimated ContextLogic Inc. (WISH): $18.39-0.72 (-3.77%) POWR Rating. After all, the e-commerce industry itself was worth $2.1 trillion in 2019, and that number may double soon. The calm before the storm. Wish also has over 500,000 merchant partners and has shipped over 640 million items worldwide. Wish had planned to sell 46 million shares within a targeted range of $22 and $24 per share. What to Know About Wish’s 2020 IPO. Alex breaks down Wish’s marketplace business model and details some of the reasons he’s bearish on platform stock… Wish was founded in 2010 by Peter Szulczewski. The stock received considerable hype before going public as it is a tech company with nearly $2 … Wish is benefiting from the rapid rise of e-commerce around the world. Wish, a marketplace specializing in inexpensive goods from majority Chinese sellers, has released its S-1 prospectus as the company plans to go public on the Nasdaq Global Select Market under the symbol “WISH”. By. Lawrence Nga | Jan 27, 2021 . The e-commerce startup made a confidential IPO filing with the SEC on Aug. 31. The mobile commerce market was worth $2.1 trillion in 2019 and is estimated to hit $4.5 trillion by 2024. Amazon isn’t the only e-commerce giant in the US. In a press release from August 2020, the company announced it had confidentially submitted a draft registration statement with the Securities and Exchange Commission relating to a proposed Initial Public Offering. Despite a recovery in the first weeks of this year, Wish’s stock was still down around 20% from its initial IPO price as of Monday. Despite the disappointing debut, Wish’s 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. Updated Dec. 16, 2020 5:05 pm ET / Original Dec. 16, 2020 3:23 pm ET Order Reprints Print Article Text size. So far, about 50,000 stores have signed on, according to the IPO filing. Wish reported $1.75 billion in revenue for the nine months ended Sept. 30 and a net loss of $176 million. ContextLogic, the parent of Wish, entered the market amid a slew of other tech-focused stock launches, including BigCommerce, Asana, Palantir, Airbnb and DoorDash. Wish IPO: Here's What You Should Know About the High-Growth E-Commerce Marketplace. Wish has managed to hit unicorn status—a startup with a valuation exceeding $1 billion—since it was founded in 2010. Further Reading The latest round boosts Wish’s valuation to $11.2 billion from $8.7 billion in late 2017, strengthening Wish’s status as one of the most valuable unicorns in … The IPO gives ContextLogic, which does business as Wish, a market capitalization of $14.1 billion. Wish is an online marketplace that features a variety of discounted goods, ranging from cheap home wares and apparel to electronics and toys. Wish reportedly prices IPO at $24 per share, will raise $1.1 billion at a valuation of $17 billion Most notably, Peter Szulczewski, Wish’s founder and CEO.