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DoorDash Prices IPO Over Anticipated Range

Published by

December 5, 2024
(GMT+2)

DoorDash Inc. priced shares in its initial public offering at roughly $102 a piece, according to people familiar with the situation, an indication of strength both for the meal-delivery company and the overall IPO market.The price equates to about $39 billion using a completely diluted share count and including the proceeds from the offering, which increased $3.37 billion. It is over the $90 to $95 a share range a San Francisco company had been targeting after fueling initial expectations it established last week.The $102 IPO price caps a stunning run-up in the company’s valuation and marks the latest indication of euphoria in the IPO market. Earlier this year, DoorDash was privately valued at over $15 billion, up from $1.4 billion in 2018.

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