The IPO parade continues as Wish files, Bumble targets an eventual debut – TechCrunch

Last Monday will go down in the books as a historic day for unicorn liquidity, as company after company dropped their IPO filings onto the internet for the world to It was great. But this week is still managing a good grip of IPO news, with Wish announcing yesterday that it has filed privatel…

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Given the global shift towards e-commerce in 2020, Wish could be enjoying another year of growth, easily pushing its annual revenue run rate into the $2 billion range. eBay has a price/sales ratio of around 4x, but with Wish growing much more quickly, it can likely surpass that figure.

But this week is still managing a good grip of IPO news, with Wish announcing yesterday that it has filed privately to go public, and Bumble talking to bankers about a possible 2021 debut at a valuation of $6 to $8 billion, according to Bloomberg.

Wish is a well-funded e-commerce company that has raised around $1. 4 billion, according to Crunchbase data.

According to Forbes, Wish generated $1. 9 billion in 2019, double what it brought in the year before.

Wish, the same article notes, takes a cut of purchases, so the number we’re discussing is not gross merchandise value, but net revenue.

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