Weee! Stock: Will Weee! IPO Next Year?

Learn how to invest in Weee! stock when the IPO arrives. Get access to select IPOs with online brokers that offer free IPO investing to eligible customers. Or browse pre-IPO platforms for early equity opportunities.

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Weee! Stock IPO News

02/10/2023: Weee! grocery startup says customer data stolen in data breach
06/29/2022: Online grocer Weee is cutting 150 jobs 4 months after raising $425M in funding
05/20/2022: Weee! draws shoppers with tradition, tech and a dash of Hollywood
Older news…

What is Weee!?

Weee! is an online grocery delivery startup that caters to Asian Americans seeking hard-to-find fresh ingredients and imported packaged foods. The company now delivers across the United States. 

The online store has separate micro-stores catering to specific cuisines, including Chinese, Vietnamese, Korean, Filipino, and Japanese. 

Larry Liu, the company’s founder, struggled to find groceries near his home in northern California. He started Weee! in 2015 to cater to Asian immigrants who shared his frustration ordering specific foods. 

Weee! became profitable in 2020. In early 2021, the company hired its first CFO, Ankur Shah, and is preparing for an IPO, according to an interview with Shah in the Wall Street Journal. 

Weee! is a Fremont, CA-based company with more than 1,500 employees. Order on desktop or mobile. 

Is Weee! Stock Publicly Traded?

No, Weee! is privately owned.

Shareholders include Liu, early employees, and venture capital partners.

Weee! has raised $800 million in venture capital funding to date. The latest funding round, a Series E in February 2022 led by Softbank, valued the company at $4.1 billion. 

Prominent venture capital firms include DST Global, Blackstone, Tiger Global Management, Lightspeed Venture Partners, Greyhound Capital, and Silicon Valley Bank.

When is the Weee! IPO Date?

The Weee! IPO date is currently unknown. 

Weee!’s CFO indicated they would pursue an IPO. However, recent reporting of additional venture capital funding suggests the IPO will arrive no sooner than the second half of 2022. 

We won’t get a better sense of the Weee! IPO date until we learn more from announcements or journalist reporting. 

Potential upcoming events may give us clues as to when the IPO is nearing. Such as:

• The company announces another funding round
• New information about the Weee! IPO date leaks to the financial press
• Weee! announces (or leaks) that it filed an S-1 confidentially with the SEC
• The SEC releases a publicly available Weee! S-1 filing
• Announcement (or press leak) of a forthcoming SPAC merger
• Weee! selects a lead underwriter or banking partner to consult for the IPO

These milestones and announcements will serve as supporting evidence of progress toward a forthcoming public offering. 

Bookmark this page for the latest Weee! stock and IPO news. Check out our list of upcoming IPOs here. 

What is the Weee! Stock Price?

Since Weee! is not publicly traded on a stock exchange, there is no public Weee! stock price yet.

Private stock price information is becoming more available and reliable based on pre-IPO marketplace data and other sources.

However, the stock price is only the value of one share. Like public companies, the underlying valuation metrics, revenue, profitability, and market sentiment toward private companies are more significant factors than the share price.

What is the Weee! Stock Symbol? Weee! Ticker?

Weee! has not yet submitted public filings to the SEC. Therefore, we don’t know what the Weee! stock symbol will be. 

But we can speculate. Here are a few stock symbol suggestions that appear to be available in the U.S.

• WEEE
• WEE
• SAYW

Where can I find the Weee! S-1 Filing?

The Weee! S-1 filing is not yet available. Once it is public, the author will post it here.

Startups often file their S-1s confidentially a few months before the public release. News of a confidential filing will help determine the Weee! IPO date. 

You can find a real-time SEC feed of the latest IPO filings from companies on the recent S-1 filings page.

Can you Invest in Weee! Stock Today? 

No.

How to Buy Weee! Stock in the Future

Generally, it’s challenging to acquire shares of high-demand pre-IPO companies. Most investors will need to settle for buying the stock after it begins trading. 

IPO underwriters typically give their best customers access first, then allocate shares to certain institutions and brokers often tied by existing relationships. 

When the largest brokers receive IPO shares, they divvy them up amongst their eligible customers, prioritizing their most valued customers first (wealthiest). 

For high-demand deals, most investors will not get shares. 

However, a few brokers have started giving IPO access to individual investors. 

For individual investors without a high net worth, ClickIPO, and its partner broker TradeStation is the most likely chance of participating in IPOs. 

Separately, Robinhood has also started offering IPO access to customers. 

Having an account with one of these brokers may increase your chances of participating in the IPO if the company and its underwriters offer shares to retail investors. 

With that, here are four potential ways to own Weee! stock in the future: 

• Attempt to purchase Weee! stock on pre-IPO investing marketplaces before the IPO
• Buy Weee! stock after it begins trading
• Buy Weee! stock in the Weee! IPO through a broker
• Participate in the Weee! Directed Share Program (for registered customers)

1. Attempt to acquire shares in pre-IPO investing marketplaces

As Weee! matures, more institutional investors and employees will acquire stock ownership.

Founders, early employees, and investors often find themselves in a difficult predicament. They own valuable shares of a company that doesn’t trade publicly. 

These shareholders might have multi-million dollar net worth’s because of their stock holdings, but the stock is not liquid because it doesn’t trade on an exchange. 

A few platforms have evolved to give these individuals a way to liquidate their holding before the IPO.

Some of the more prominent sites include Linqto, EquityZen, and Forge. Learn more about pre-IPO investing here. 

These sites bring liquidity to an otherwise illiquid asset. Accredited investors (those with invested assets > $1,000,000) may join these sites and attempt to buy company shares when they become available. 

The shares are only offered to accredited investors because the company’s financials are not publicly filed with regulators yet, increasing the investors’ risk. 

For high-profile companies, demand for pre-IPO shares is high, lowering your chances of acquiring shares. However, shares may appear on a pre-IPO investing platform before the Weee! IPO.

2. Buy Weee! stock after the Weee! IPO

Since acquiring IPO shares is almost always challenging for individual investors, the easiest way to own Weee! stock is to wait for the IPO to complete. 

Realistically, unless your brokerage account is worth more than $1 million and your broker regularly receives IPO allocations, you are unlikely to get in on high-demand IPOs. 

In some cases, patient investors can buy the stock at or below the IPO price. This is not always true.

The Airbnb IPO, for example, soared and never looked back. But Uber, which many predicted to rise steeply, fell on the IPO date.

Spending significant effort to acquire IPO shares may not be worth it in the end. You may also spend time and effort to obtain shares but only receive a small allocation, limiting upside gain. 

Though IPOs can provide one-day gains north of 20%, even up to 100% in rare cases (such as Airbnb and Doordash), the most significant gains will come during the decade following the IPO if the company is genuinely disruptive.

Take, for example, Netflix, Amazon, or Tesla. You could have bought the stocks years after the IPO and still experienced gains of more than 1,000%

If you’re an investor that wants to buy Weee! stock for the long-term, consider opening a position after the IPO and averaging down if the stock falls. 

Short-term traders may angle to acquire IPO shares and hope for a short-term pop.

3. Buy Weee! stock during the Weee! IPO through a broker

Ambitious investors can position themselves to invest in the Weee! IPO once it arrives.  

Your chances of getting IPO shares depends on four factors:

• IPO demand
• Your broker and eligibility
• Your assets under management (AUM) at the broker
• Propensity to flip shares

As IPO demand increases, the chances of receiving IPO shares decrease. Therefore, the IPOs that are most interesting to the masses are the hardest to access. 

Most online brokers do not offer IPO shares. Check directly to see if yours does, or look at our list of best brokers for IPO investing. 

Legacy brokers like Fidelity and Charles Schwab have minimum eligibility requirements and penalties for flipping shares (selling shortly after the IPO). 

But even if eligible, the brokers must sub-allocate whatever limited shares they receive from the IPO underwriters.

This process is non-transparent, but priority is likely given to the wealthiest investors first. 

For example, if your account balance is $500,000, which makes you eligible according to terms, the broker may only have enough IPO shares to distribute to customers with assets of $3,000,000 or more. 

This brings us to ClickIPO. 

ClickIPO is a smartphone app that partners with TradeStation (through the app)to deliver IPO access to ordinary investors. 

There is no minimum account value required. 

ClickIPO prioritizes IPO share distribution to investors who are less likely to flip shares and thus considered more desirable IPO beneficiaries (in theory).

Therefore, ClickIPO offers a value proposition to underwriters and newly public companies.

Robinhood has also started offering exclusive IPO access for select deals in partnership with the IPOing companies. 

Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO. 

4. Participate in the Weee! Directed Share Program (Registered Customers)

Another possibility is a directed share program.

Sometimes when companies file their S-1 SEC filing (to begin the IPO process), they include a directed share program for executives, affiliates, and other people who helped the company grow.

Since Weee!’s success is due mostly to its dedicated customer base, it’s possible the company may offer IPO shares to them.

This has happened before.

Uber offered shares to drivers that completed a certain number of trips.

GoPro offered shares to its email list. 

Airbnb offered IPO shares to hosts. 

Robinhood offered shares to its customers. 

Considering Weee!’s vast and growing customer base, pay attention to the S-1 filing for a directed share program. If you’re a customer, monitor your Weee! emails as the IPO news start coming in. 

Bookmark this page for more information as the IPO approaches. 

Will There be a Weee! SPAC Merger?

A SPAC is a special purpose acquisition company, also known as a blank check company. They are shell companies designed to help established businesses go public without a traditional IPO. 

The SPAC company merges with the established company and takes on the established company’s name. It’s also known as a reverse merger. 

Using a SPAC to go public allows the company to skip the complicated and expensive IPO process. 

Not all companies are ready to IPO, making SPACs an attractive alternative to an IPO where the company can still raise new funds.

However, the more established a company is, the more resources it can hire to facilitate the traditional IPO process. 

At this early stage, and with the recent downturn in SPAC activity, the author believes it is more likely that Weee! will eventually conduct a traditional IPO versus a SPAC merger.

Weee! IPO News Archive

03/15/2022: Weee! Teams Up with Disney and Pixar to celebrate the new movie, “Turning Red”
02/28/2022: [TechCrunch] Weee! delivers second big funding round in a year
02/28/2022: Ethnic E-Grocer Weee! Raises $425 Million Series E Round Led by SoftBank Vision Fund 2
02/16/2022: Weee! Grows Team With Retail, E-commerce Expertise
02/07/2022: Jon M. Chu Joins Ethnic E-Grocery Weee! As Chief Creative Officer
01/04/2022: Weee! seeks new funding round with valuation of $3.5 billion
03/16/2021: Specialty Grocer Weee! Valued at $2.8 Billion in Latest Round
02/11/2021: Weee! Hires First CFO as It Looks to Grow Its Business
10/07/2020: Weee! aims to be the top grocer for Asians in North America
08/17/2020: DST Global pumps $35 million into Asian e-grocer Weee!

Best Brokers to Buy Weee! Stock

What is the best online brokerage for buying Weee! stock when it begins trading?

If you want to attempt to participate in IPOs, TradeStation is the best low-minimum IPO investing broker for investors with assets under $100,000. It’s also an excellent choice for buy-and-hold investors.

See the complete list of best brokers for IPO investing here to evaluate multiple IPO investing platforms. 

Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.