https://apnews.com/51d848de4cc2c4a6c9e317bf5512b0a7

NEW YORK (AP) — The parent company of Wish, a shopping app that sells cheap clothing, toys and electronics, sputtered in its stock market debut.

Shares of ContextLogic Inc. fell 16.5% to close at $20.05 Wednesday, valuing the company at nearly $14 billion. The stock is trading on the Nasdaq Stock Market under the symbol “WISH.”