Wish, the e-commerce marketplace known for its rock-bottom prices, said Monday that it has confidentially filed paperwork with the US Securities and Exchange Commission to go public. as well as other partner offers and accept our Sign up for our newsletter now. A weekly serving of the biggest stories in fast food, shopping, and more. General Atlantic-backed e-commerce firm Wish said on Monday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission to go public. Wish was founded in 2010 by former Google engineer Peter Szulczewski, who is currently the company's CEO. If it’s not snapped up by a larger rival, expect Wish to go public sooner or later in order to finance further expansion. A leading-edge research firm focused on digital transformation.The company did not disclose any of its financial information or share whether it planned to go public via an IPO or direct listing. Potential 2020 IPO valuation: upwards of $11 billion. San Francisco-based e-commerce unicorn Wish said Monday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission to go public. 2020-08-31T19:34:57Z General Atlantic-backed e-commerce firm Wish said on Monday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission to go public. (Reuters) - General Atlantic-backed e-commerce firm Wish said on Monday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission to go public.The San Francisco-based bargain shopping app, which was last valued at $11.2 billion, did not specify whether it would choose to go public through a traditional initial public offering or a direct listing.Wish’s filing comes on the heels of a flurry of IPO filings earlier in August, as a number of high-profile startups such as Palantir Technologies, Asana and Snowflake rushed to take advantage of investor appetite for new listings.Founded in 2010 by former Google executive Peter Szulczewski and Yahoo veteran Danny Zhang, Wish has expanded rapidly beyond its home base and is currently active in over 100 countries, selling more than 3 million products per day on its e-commerce platform, according to the company’s website.Wish, which has raised about $1.8 billion till date, also counts the likes of Peter Thiel’s Founders Fund, GGV Capital and DST Global among its investors.Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta The company leverages a global network of direct suppliers, providing access to top quality, affordable products to anyone with a smartphone.

Wish employs big data principles, machine-learning, and state-of-the-art search technologies to create a highly-visual, entertaining, and personalized browsing experience for each user. Wish has submitted a draft registration to the Securities and Exchange Commission for an initial public offering. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider Potential 2020 IPO valuation: upwards of $11 billion If it’s not snapped up by a larger rival, expect Wish to go public sooner or later in order to finance further expansion.

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