What to know about DoorDash IPO?

DoorDash IPO: 5 things to know about the app-based food-delivery company - MarketWatch DoorDash Inc. is poised to seize a unique moment for its business with a long-awaited initial public offering. DoorDash Inc. is poised to seize a unique moment for its business with a long-awaited initial public offering.

How much does DoorDash cost?

The stock began trading at $182 per share. Founded in 2013, DoorDash now joins its competitors GrubHub and Uber at a key time. Food delivery has been a bright spot during the coronavirus pandemic, with people limiting their time outside of the home as much as possible.

What happened to DoorDash?

DoorDash publicly filed for an IPO on Nov. 13, after announcing that it had started the process with the Securities and Exchange Commission in February, just before the spread of COVID-19 forced shelter-in-place orders that led to a dramatic increase in food delivery.

Is DoorDash a good food delivery company?

Founded in 2013, DoorDash now joins its competitors GrubHub and Uber at a key time. Food delivery has been a bright spot during the coronavirus pandemic, with people limiting their time outside of the home as much as possible. After DoorDash’s initial pop, investors are valuing the company, on a revenue basis, at about twice as high as Uber.