December could be a busy month for IPOs. What to expect.

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The list of top companies slated to go public next month has just grown a bit longer. E-commerce retailer Wish and payment company Affirm have applied for a scholarship.

December is expected to be a very busy month for IPOs. Several other well-known companies filed their IPOs this week, preparing them to trade next month. The list includes Airbnb, the home sharing platform, as well as DoorDash, the food delivery company. Roblox, the gaming platform, is also available to launch an IPO.

ContextLogic, which does business as Wish, is looking to raise up to $ 1 billion with its offer, according to a November 20 regulatory filing. The billion dollars is considered a placeholder and will likely change with future deposits. Wish did not disclose how many shares it would sell or their price. This will also come with future deposits.

Wish is expected to trade on the Nasdaq under the symbol WISH, an SEC filing announced on November 20. The underwriters of the operation include

Goldman Sachs,

JP Morgan

and BofA Securities.

Founded in 2010, the San Francisco-based startup connects more than 100 million monthly active users in more than 100 countries to 500,000 merchants selling 150 million items, the prospectus says. Consumers can purchase items such as clothing, electronics, and shoes on the Wish mobile app. Competitors include

Amazon.com

(ticker: AMZN),

Ali Baba

(BABA), and

Shopify

(SHOP).

The company’s losses widened to $ 176 million for the nine months ended September 30, from $ 5 million for the same period in 2019. Revenue increased nearly 32% to $ 1.7 billion for the nine months ended September 30, compared to $ 1.3 billion for the same period last year. Wish employs 828 full-time employees.

Peter Szulczewski, Founder, CEO and Chairman of Wish, owns nearly 57% of the voting rights before the IPO.

Affirm is also made public. The fintech filed on Nov. 18 to raise $ 100 million with its IPO, which will likely change in future filings. Like Wish, Affirm did not disclose how many shares it would offer or their price range. This will likely come in future repositories. The company plans to trade on the Nasdaq under the ticker AFRM.

Morgan stanley,

Goldman Sachs and Allen & Co are the major underwriters of Affirm’s IPO.

Launched in 2012, Affirm allows consumers to purchase items and repay them in installments without charging deferred interest, hidden fees, or penalties. More than 6.2 million consumers have used Affirm to complete about 17.3 million transactions with more than 6,500 merchants as of September 30, according to the prospectus.

A significant percentage of Affirm’s revenue comes from

Platoon

(PTON), its main trading partner. Peloton, the home fitness company, accounted for 30% of Affirm’s total revenue for the three months ended September 30, according to the prospectus.

Affirming is not profitable. The company’s losses were reduced to $ 15.3 million for the quarter ended Sept. 30, from $ 30.8 million in losses for the same period in 2019. Total revenue nearly doubled to about $ 174 million for the quarter ended September 30, compared to approximately $ 88 million for the same period in 2019. Affirm employed 916 people as of September 30.

Write to Luisa Beltran at [email protected]