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DoorDash Hits $38 Billion Valuation in Above-Range IPO

  • Food Delivery service raises $3.37 billion with shares at $102
  • Airbnb, Roblox, Wish, Affirm to follow in year-end IPO rush
Delivery Startup DoorDash To Seek Up To $2.8 Billion In IPO
Photographer: Gabby Jones/Bloomberg
Updated on

DoorDash Inc. raised $3.37 billion in an initial public offering above its marketed range, kicking into high gear a year-end IPO surge of consumer-oriented companies that successfully navigated the coronavirus pandemic.

The San Francisco-based company sold 33 million shares Tuesday for $102 each after marketing them for $90 to $95 each, according to a statement confirming earlier reports. DoorDash has a fully diluted value of about $38 billion, which includes employee stock options and restricted stock units as detailed in its filings.