DoorDash prices IPO above at $102, above target range -source

FAN Editor

December 8, 2020

(Reuters) – DoorDash Inc on Tuesday agreed to sell shares in its initial public offering (IPO) on Tuesday at $102 apiece, above its upwardly revised target range, according to a person familiar with the matter.

The IPO gives the U.S. food delivery startup a fully diluted valuation of around $38 billion, more than double its $16 billion valuation during a private fundraising round in June.

DoorDash did not immediately respond to a request for comment. The source requested anonymity as the details were not yet public.

(Reporting by Joshua Franklin in Miami and Chibuike Oguh in New York; Editing by Chris Reese)

Free America Network Articles

Leave a Reply

Next Post

Trump holds self-congratulatory vaccine event, dismisses concerns over virus spread

President Donald Trump on Tuesday held a self-congratulatory event to tout U.S. progress on vaccine production, at which he implicitly criticized his incoming successor, Joe Biden, and dismissed concerns over the continued spread of the coronavirus. He also signed an executive order aimed at ensuring the U.S. government obtained enough […]