ContextLogic Inc.

ContextLogic Inc. (WISH) priced its initial public offering on Dec 17, 2020 at $24.00 per share, within its $22.00–$24.00 range, raising $1.1B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $14.09B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Citigroup and others. Gunderson Dettmer advised the company and Cooley advised the underwriters.

ContextLogic Inc. operates Wish, a mobile ecommerce platform launched to offer affordable, entertaining shopping. It connects more than 100 million monthly active users in over 100 countries with over 500,000 merchants offering approximately 150 million items, and provides merchant services.

Status

IPO

Ticker

WISH

Exchange

Nasdaq Global Select

Priced

Dec 17, 2020

IPO price

$24.00

Price range

$22.00–$24.00

Raised

$1.1B

Market cap at IPO price

$14.09B

First filed

Nov 20, 2020

Underwriters

Goldman Sachs, J.P. Morgan, BofA Securities, Citigroup, Deutsche Bank, UBS, RBC Capital Markets, Credit Suisse, TD Cowen, Oppenheimer, Stifel and William Blair

Company counsel

Gunderson Dettmer

Underwriters' counsel

Cooley

Sector

Consumer

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.