Axios, "DoorDash valued at $39 billion in IPO"

Summary

An Axios article dated Dec 8, 2020 reporting that restaurant meal delivery company DoorDash raised money in its initial public offering and would begin trading on the New York Stock Exchange under ticker symbol DASH. It states that DoorDash priced at $102 per share, versus its upwardly revised range of $90-$95 per share, giving it a fully diluted valuation of around $39 billion. The article notes that the last private market valuation of DoorDash was $16 billion, secured over the summer.

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Dec 8, 2020 - Economy

DoorDash valued at $39 billion in IPO

Illustration: Eniola Odetunde/Axios

Restaurant meal delivery company DoorDash on Tuesday evening raised $ 3.4 billion in its initial public offering , and will begin trading Wednesday on the New York Stock Exchange under ticker symbol DASH. CNBC earlier reported the news.

By the numbers: DoorDash priced at $102 per share, versus its upwardly revised range of $90-$95 per share, giving it a fully diluted valuation of around $39 billion. Its last private market valuation was $16 billion, secured over the summer .

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Editor's note: The story has been updated with DoorDash's confirmation.

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