- E-commerce site Wish said Monday it has confidentially filed to go public.
- The company did not disclose whether it planned to go public via an IPO or direct listing.
- Wish was last valued at $11.2 billion in a $300 million Series H funding round led by General Atlantic in August 2019.
- Visit Business Insider's homepage for more stories.
The company did not disclose any of its financial information or share whether it planned to go public via an IPO or direct listing.
Spokespeople for Wish did not immediately return Business Insider's request for comment.
Wish was last valued at $11.2 billion in a $300 million Series H funding round led by General Atlantic in August 2019. It has more than 70 million active users and over one million registered merchants, according to the company. Its vendors sell everything from apparel and home goods to electronics.
Much of Wish's business was built on shipping cheap goods directly from sellers and manufactures in China. At the time of its latest funding round, it said it would look to "expand its merchant footprint in Europe and North America," according to a press release.
Wish was founded in 2010 by former Google engineer Peter Szulczewski, who is currently the company's CEO.
Receive a daily update on your cellphone with all our latest news: click here.
Get the best of our site emailed to you daily: click here.
Also from Business Insider South Africa:
- Looking for a job? Govt has a new database for people to find work on infrastructure projects
- Wanted: Drones, spies, and a small army to help Transnet keep its fuels pipelines safe
- You can now get a Covid-19 antibody test for R230, with results in 24 hours
- Two Joburg youngsters just created their own instant coffee brand – here's how they did it
- All Vodacom clients can now buy clothes, food with VodaBucks – here’s how it works
- Uber Eats motorcycles will now deliver your parcel of up to 15kg nearby – fast