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DoorDash IPO Filing Shows Profitable Quarter on Pandemic Boost

  • Food delivery platform filed for listing on the NYSE
  • Share of U.S. market has grown to 50% from 17% since 2018
Photographer: David Paul Morris/Bloomberg
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DoorDash Inc., the biggest U.S. food delivery company, is seizing on the pandemic-fueled boom in demand for meals brought to your door, as well as investor exuberance over new stock listings, with its filing Friday for an initial public offering.

The prospectus reveals a sharp jump in revenue this year and more surprisingly, a profitable quarter. The company, in its filing with the U.S. Securities and Exchange Commission, listed the size of the offering as $100 million, a placeholder that will likely change when terms for the share sale are set later. Private investors valued DoorDash at around $16 billion in June.