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Shopping app Wish falls in its stock market debut
The parent company of Wish, a shopping app that sells cheap clothing, toys and electronics, has sputtered in its stock market debut
By JOSEPH PISANI AP Retail Writer
December 16, 2020, 9:59 PM
• 2 min read
NEW YORK The parent company of Wish, a shopping app that sells cheap clothing, toys and electronics, sputtered in its stock market debut.
Shares of ContextLogic Inc. fell 16.5% to close at $20.05 Wednesday, valuing the company at nearly $14 billion. The stock is trading on the Nasdaq Stock Market under the symbol “WISH.”
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