(Reuters) – E-commerce firm ContextLogic Inc sold shares in its initial public offering (IPO) on Tuesday at $24 apiece, at the top of its target range, to raise $1.1 billion, according to a person familiar with the matter.
The IPO gives ContextLogic, which does business as Wish, a market capitalization of $14.1 billion. Wish had planned to sell 46 million shares within a targeted range of $22 and $24 per share.
(Reporting by Chibuike Oguh in New York; Editing by Chris Reese)
