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Wish prices IPO at $24 per share, will raise $1.1 billion at a valuation of $17 billion mfox@businessinsider.com (Matthew Fox,Tyler Sonnemaker) © Peter Szulczewski/Facebook Peter Szulczewski/Facebook
Wish parent company ContextLogic priced its shares at $24 each on Tuesday ahead of its IPO, Bloomberg first reported.
That s at the top end of Wish s previously expected IPO pricing range of $22 to $24 per share.
The offering is expected to raise $1.1 billion in funds for Wish, giving the e-commerce platform a valuation of $17 billion on a fully diluted basis, according to Bloomberg.
Wish will trade on the Nasdaq exchange under the ticker symbol WISH.