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Harneys advises WeShop on groundbreaking Nasdaq listing under ticker WSHP

04 Dec 2025
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Harneys advised WeShop Holdings Limited, a BVI incorporated company, on its innovative social-commerce platform that is driving a Retail Revolution through community ownership, on its successful direct listing on Nasdaq under the ticker “WSHP”, marking a significant milestone in the company’s growth and expansion into the retail sector. The Harneys team worked closely with the company and its US counsel Kirkland and Ellis LLP on the BVI legal aspects of a highly complex and innovative listing.

WeShop is a social-commerce platform that enables users to shop, share product recommendations, and earn rewards through its ShareBack™ program, under which “WePoints” accumulated from purchases and referrals can be converted into equity in WeShop itself, turning everyday shoppers into shareholders. The Company has now launched its US app, expanding on its UK platform, which includes partnerships with leading retailers such as John Lewis, eBay, Selfridges, ASOS, Expedia, British Airways, TEMU, and Shein. Across its UK pilot, WeShop facilitated more than US $140 million in gross merchandise value and now provides access to a catalogue of over one billion products.

The Harneys team was led by Partner and Global Head of Corporate George Weston with support from Counsel James Kitching, Senior Associate Priya Mattu, and Associate Reece De-Vaney.

George commented: “We are thrilled to have advised WeShop on their successful Nasdaq listing. This is a genuinely groundbreaking transaction and a company with a unique capital model. Being able to accommodate their requirements within a BVI listing vehicle highlights the advantages of our flexible corporate law and adds to the jurisdiction’s long track record as a home for some of the world’s most innovative companies. We look forward to working with them in the future on the next steps of an incredibly exciting journey”.

George Weston represented Harneys at the WeShop Nasdaq Stock Market Closing Bell ceremony on Thursday, 20 November 2025, where founder John Garner rang the Closing Bell to mark the company’s listing.

The Corporate team at Harneys has a leading Equity Capital Markets practice with substantial experience in all aspects of capital raising by offshore companies, including IPOs and secondary offerings, rights issues, equity linked securities, including convertible and exchangeable bonds, SPACs, and business combinations, as well as private placements, take-privates, takeovers, and spin-offs. The firm’s ECM expertise lies in advising entities listed or listing on all the world’s major stock exchanges.