E-Commerce Unicorn Wish Files for IPO

Wish, an e-commerce platform known for selling goods from Asia at rock-bottom prices, has filed a preliminary S-1 with the Securities and Exchange Commission in preparation for its initial public offering (IPO).

Wish's parent company, ContextLogic, plans to list its shares on the Nasdaq stock exchange using the ticker symbol WISH. Since this is the company's initial regulatory filing, Wish listed a $1 billion placeholder as the amount it hopes to raise, and has yet to disclose how many shares it will offer or a timeline for its debut. 

According to the filing, the company's mission is to "Bring an affordable and entertaining mobile shopping experience to billions of consumers around the world." 

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Source Fool.com