DoorDash Soars in IPO to $60 Billion Market Cap
Christiana Sciaudone, 09 December 2020
Investing.com — Doordash Inc (NYSE:DASH) is a smash hit. The food-delivery company opened trading at $182, a whopping 78% jump over the $102 at which it priced on Tuesday.
The company sold 33 million shares — originally marketed between $90 and $95 — on Tuesday to raise $3.37 billion in its initial public offering and now has a market value of about $60 billion.
DoorDash’s IPO is the third-largest in the U.S. this year, topped only by Bill Ackman’s $4 billion blank-check company and Snowflake Inc’s (NYSE:SNOW) $3.86 billion offering.
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