$WISH Upon A Falling Economy

Steve Spalding
2 min readDec 18, 2020

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.

Steve Spalding

Writer, builder of internet things, prone to wanderlust and pontificating. Collects interesting people. Enjoys: science, fiction, finance, culture, ze future.