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DoorDash Leads a Big IPO Week – Daily Flash Briefing

December 9, 2020 by Bautis Financial
The DoorDash IPO

This week, DoorDash will go public as a mega IPO. Let's take a look at this success story, which began in 2013.

This week, DoorDash will go public as a mega IPO. DoorDash has been aiming at a $90-95/share, but reportedly priced it shares at $102 — which would equate to about a $39 billion market cap.

The COVID-19 pandemic solidified DoorDash’s lead in the US food delivery industry, catapulting it’s market share nearly 50%.

The success story begins in 2013. As food delivery companies competed in cities, DoorDash opted for a market with less competition: the suburbs. When the pandemic sent families out of cities, DoorDash was ready for action. Listen for more.

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Category: Finance News, InvestmentsTag: DoorDash IPO, Finance Trends, Initial Public Offering, IPO, Market Trends, Stock Market, Stock Market Trends
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