Deals 12/15/2020

Loop Capital Markets participates as co-manager on the $1.1 billion initial public offering of ContextLogic, Inc. (“Wish”)

On December 15, 2020, Wish, a San Francisco-based e-commerce platform company, raised $1.1 billion by issuing 46 million shares at an offering price of $24.00. Loop Capital Markets served as a co-manager on the offering.

The company intends to use the net proceeds from this offering for working capital, operating expenses, sales and marketing expenses to fund the growth of the business, and capital expenditures.