Wish was founded in 2010 by Peter Szulczewski. In a press release from August 2020, the company announced it had confidentially submitted a draft registration statement with the Securities and Exchange Commission relating to a proposed Initial Public Offering.
Wish operates an e-commerce marketplace that focuses on providing users access to low-cost items and is the third largest marketplace in the U.S. by sales. The company has raised $1.8 billion in Venture Capital funding from investors including Formation 8, Third Point Ventures, GGV Capital, Raptor Group, Legend Capital, IDG Capital, DST Global, 8VC, and Vika Ventures. Per company press releases, Wish last raised $300 million in August 2019 at a post-money valuation of $11.2 billion.