E-commerce platform Wish said Monday that it confidentially filed an S-1 registration document with the United States Securities and Exchange Commission to go public.
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A confidential S-1 filing means that while Wish has initiated the process to go public, its financials and other business information are not publicly available through the SEC.
As a private company, Wish raised $1.6 billion in total funding from investors including General Atlantic, Founders Fund and GGV Capital. The company last raised money with its $300 million Series H in August 2019.
Wish has more than 70 million active users and more than 1 million registered merchants, according to its website, and more than 3 million products are sold every day through the platform.
Wish joins a busy lineup of tech startups that have filed to go public or made their S-1 documents public within the last week or so. Palantir, Asana, Snowflake and GoodRx are among the companies that have rushed to the public markets ahead of the 2020 presidential election in November.
We’ll have more when Wish’s S-1 document becomes public.
Illustration: Li-Anne Dias