E-commerce company Wish has filed for an initial public offering (IPO).
Wish, run by San Francisco-based ContextLogic Inc., is a mobile app that allows consumers to buy discounted goods directly from Chinese merchants or suppliers. Products featured on its website are as varied as plastic dish ware, sneakers, face masks and giant lawn ornaments.
Wish was founded in 2010 by Danny Zhang and former Google engineer Peter Szulczewski, who is the company’s Chief Executive Officer. Zhang was previously the director of engineering at AT&T Interactive. Wish has been privately valued at more than $11 billion U.S.
Wish had more than one million merchants and more than 80 million active monthly users as of 2018, according to a statement last year. ContextLogic owns other online retailers, including Geek, Mama, Home and Cute, according to the Wish website.
Wish did not provide a date for its IPO, but the company joins a growing list of technology firms that are planning public debuts on stock exchanges this fall, including Snowflake, Asana and Palantir.
