Dec 8, 2020 - Economy

DoorDash valued at $39 billion in IPO

Illustration of a slice of pizza with dollar sign pepperoni slices

Illustration: Eniola Odetunde/Axios

Restaurant meal delivery company DoorDash on Tuesday evening raised $ 3.4 billion in its initial public offering, and will begin trading Wednesday on the New York Stock Exchange under ticker symbol DASH. CNBC earlier reported the news.

By the numbers: DoorDash priced at $102 per share, versus its upwardly revised range of $90-$95 per share, giving it a fully diluted valuation of around $39 billion. Its last private market valuation was $16 billion, secured over the summer.

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Editor's note: The story has been updated with DoorDash's confirmation.

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