ISSUE – Nov. 20 | Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

This morning Wish, a well-known mobile e-commerce startup, filed to go public. It joins AffirmAirbnb and Roblox in filing this week as many well-known and valuable private companies look to debut before the year ends and the holidays start. Wish’s  S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. As going to stores became more risky over time, many shoppers turned to buying more goods from the internet, bolstering e-commerce players like Shopify and BigCommerce, as well as companies that facilitate online payments, like Square and PayPal. How has the pandemic impacted Wish? It appears to have accelerated its growth. [ Tech Crunch ]

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