NEW YORK: DoorDash Inc has raised US$3.37bil in an initial public offering (IPO) above its marketed range, kicking into high gear a year-end IPO surge of consumer-oriented companies that successfully navigated the coronavirus pandemic.
The San Francisco-based company sold 33 million shares Tuesday for US$102 each after marketing them for US$90 to US$95 each, according to a statement confirming earlier reports.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!