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DoorDash exceeded expectations

Miguel A. Rodriguez
Miguel A. Rodriguez
10 December 2020
DoorDash completed its IPO successfully

DoorDash - the latest initial public offering that hit the markets turned out to be a success.

On its stock market debut, DoorDash jumped 85% over its initial IPO price after it opened at $182/ share, exceeding the company's valuation reach approximately $70 billion. Initially, DoorDash had priced its IPO at $102 a share.

During the past months, DoorDash thrived despite the pandemic as more and more people opted to have their food delivered. Still, the company acknowledged that "the circumstances that have accelerated the growth of our business stemming from the effects of the Covid-19 pandemic may not continue in the future." 

One IPO is over, and another one awaits, as Airbnb is expected to go public later on today.  

Stay tuned with for more financial news!


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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.