DoorDash valued at $39 billion in IPO
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.
Editor's note: The story has been updated with DoorDash's confirmation.