Deals
Wish Listing Puts IPO Rallies Back in Focus After Airbnb
- Wish parent ContextLogic is on deck for mega-IPO Tuesday
- Debate over underpricing IPOs rages in busiest-ever December
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The parent company of online retailer Wish will be the next technology company looking to raise more than $1 billion and take advantage of the market exuberance showcased by DoorDash Inc.’s and Airbnb Inc.’s initial public offerings.
ContextLogic Inc., which owns Wish, is wrapping up its virtual roadshow with investors and the deal is multiple-times oversubscribed, according to people familiar with the matter who asked not to be identified discussing pricing. A Wish representative didn’t respond to a request for comment.