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Evening Standard
Evening Standard
World
Holly Williams

WeShop launches as first community-owned shopping platform with IPO in sight

British tech firm WeShop is launching itself as the world's first community-owned social ecommerce platform, offering shoppers shares in the group every time they make a purchase.

It plans to give away up to 90 per cent of its business to shoppers, and aims to list on the Nasdaq tech-heavy index in New York within 12 months, as it looks to take on the might of retail titans like Amazon.

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