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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