DoorDash (DASH) IPO Opens 78% Higher

Today's IPO for DoorDash, Inc. (NYSE: DASH) opened for trading at $182 after pricing 33,000,000 shares of its Class A common stock at $102 per share.

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 is a technology company that connects customers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Canada, and Australia. Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door. By building the last-mile delivery infrastructure for local cities, DoorDash is bringing communities closer, one doorstep at a time.

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