Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far – TechCrunch
Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus farThis morning Wish, a well-known mobile ecommerce startup, filed to go public. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. Wish’s growth acceleration helps explain why it is going public now: it has a growth story to tell investors. During the first three quarters of 2019, Wish posted net losses of just $5 million, before some preferred stock costs pushed its total deficit to $12 million. In the same period of 2020 Wish lost a far steeper $176 million.