The mobile commerce platform developer priced its initial public offering at the top of its range, with JD.com set to exit in the flotation.

Wish, the US-based e-commerce app developer backed by e-commerce group JD.com, is going public today in an initial public offering on the Nasdaq Global Select Market sized at just over $1.1bn.

The offering consists of 46 million class A shares priced at the top of the IPO’s $22 to $24 range, a price that reportedly values the company at roughly $17bn on a fully diluted basis.

Founded in 2010, Wish operates a mobile commerce platform with more than 100 million…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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