Wish IPO: Here's What You Should Know About the High-Growth E-Commerce Marketplace

Lawrence Nga, The Motley Fool
·6 min read
Wish IPO: Here's What You Should Know About the High-Growth E-Commerce Marketplace

E-commerce unicorn Wish -- trading under parent company ContextLogic (NASDAQ: WISH) -- had one of 2020's most disappointing market debuts. Shares fell 16% on opening day following the IPO, despite hopes the company could one day rival Amazon. Backed by prominent investors such as DST Global -- an early investor in Facebook and Twitter -- and Peter Thiel, Wish had all the trappings of a rising star.