Briefing
e-commerce markets

Shares of Wish Fall On Debut

By
Martin Peers
· · Source: The Information

The IPO boom isn’t lifting all boats. Shares of mobile e-commerce firm Wish started trading on Wednesday, only to fall 13% from its IPO price of $24 early on. The dip shows that investors are picking and choosing, regardless of recent performance. Last week Airbnb and DoorDash, two of the best known tech names, went public amid intense investor demand. Shares of both soared from their IPO...

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