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.
