Wish, an E-Commerce Company, Gets Ready to Join the 2020 IPO Party

E-commerce company Wish has confidentially filed to go public, according to an official press release from the company on Monday. The company has submitted the first draft with the Securities and Exchange Commission (SEC) for review, after which it could go ahead with an initial public offering (IPO).

Many companies have gone public in 2020, but not all in the same way. Sports-betting company DraftKings went public via a special purpose acquisition company (SPAC), while software company Asana has filed to go public via a direct public offering. For its part, Wish has confidentially filed for an IPO, like Airbnb. By filing that way, Wish can delay sharing its filings until 15 days before its IPO date.

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Source Fool.com