Discount shopping platform Wish is preparing to launch an Initial Public Offering (IPO).
Reuters reported that the US company, which sells Chinese goods at between 60 and 90 per cent of their recommended retail price, has filed a draft registration statement with the Securities and Exchange Commission (SEC).
However, at this stage it is still unclear whether it plans to pursue a traditional public offering or a direct listing - and what the prices and valuations will be.
The platform was founded by two former Google and Yahoo executives and was most recently valued at $11.2 billion.
Wish now has a global user base of over 100 million, operates in over 100 countries and sells more than three million products every day.
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Supermicro and NVIDIA’s AI Solution for Retailers
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
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