$WISH Upon A Falling Economy

I’m of two minds on $WISH, one of the most recent IPOs to grace the markets.

While the purveyor of low priced imported goods has managed to increase its net losses from $136M (2019) to $176M (2020) and its business is heavily reliant on a Chinese import market that faces non-zero regulatory risk, it has two things going for it that make it at least slightly more attractive than rival IPOs.