Food-delivery app DoorDash, online discount retailer Wish and fintech company Affirm are seeking to go public before the end of 2020. Wish, which was valued at US$11.2 billion in August 2019, is likely to reveal its prospectus in two weeks. DoorDash could make its listing plans public as early as this week, while Affirm’s public filing is also imminent. (Bloomberg)
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Food-delivery app DoorDash, online discount retailer Wish and fintech company Affirm are seeking to go public before the end of 2020. Wish, which was valued at US$11.2 billion in August 2019, is likely to reveal its prospectus in two weeks. DoorDash could make its listing plans public as early as this week, while Affirm’s public filing is also imminent. (Bloomberg)
Talking point: These consumer-facing tech companies will be joining a wave of tech firms—mostly in the software space—that have participated in one of the biggest IPO booms in recent years. Airbnb, which is also due to go public on the Nasdaq before the end of the year, is reportedly considering co-listing on the Long-Term Stock Exchange, a Silicon Valley-based ESG-friendly exchange. Low interest rates, coupled with a reliance on online applications in the wake of the coronavirus, have fuelled a huge investor appetite for tech companies. More than US$140 billion has been raised on U.S. exchanges this year through IPOs and special-purpose acquisition companies—and many of those raises have been from tech companies going public.
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