Delivery

Doordash launches IPO

iStock

November 30, 2020

DoorDash Inc. has launched the roadshow for the initial public offering 33,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $75 and $85 per share, which are expected to trade on the New York Stock Exchange under the symbol "DASH," according to a company press release.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the proposed offering. Barclays, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank are acting as book running managers, and Mizuho Securities, JMP Securities, Needham & Company, Oppenheimer & Co. Inc., Piper Sandler and William Blair are acting as co-managers for the proposed offering.

DoorDash, which is worth nearly $16billion, connects customers with local and national businesses in more than 4,000 cities and all 50 states across the United States, Canada and Australia.