Online Marketplace Wish Sold At Steep Discount To $1.1B IPO

By Renee Hickman (February 12, 2024, 4:30 PM EST) -- ContextLogic Inc. announced Monday that it would sell off its operating assets and liabilities, including the e-commerce platform Wish, to Qoo10 for $173 million, in a deal that represents a significant drop-off from Wish's $1.1 billion initial public offering in 2020 and that was driven by respective legal advisers Sidley Austin LLP and Shearman & Sterling LLP....

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