DoorDash IPO: 5 Key Takeaways Investors Need To Know
DoorDash filed its IPO prospectus Friday morning. Here is an early look at the figures and information from the company, which is expected to IPO before the end of the year with the symbol DASH. DoorDash was valued at $16 billion in an early funding round in 2020. The company raised $400 million in June. Friday’s prospectus says the company will raise $100 million, which is likely a placeholder. Largest Player in Market: DoorDash has the no. 1 market share position in the food delivery market, with over 18 million customers and partners with more than 390,000 merchants. DoorDash competes with Uber Eats, owned by Uber Technologies (NYSE: UBER ), Grubhub Inc (NYSE: GRUB ) and Postmates. Grubhub is merging with Just Eat, a European company and Postmates is merging with Uber Eats. In January 2018 DoorDash had 17% market share versus 27% from Uber Eats and 39% for Grubhub. … Full story available on Benzinga.com
DoorDash IPO: 5 Key Takeaways Investors Need To Know
DoorDash filed its IPO prospectus Friday morning. Here is an early look at the figures and information from the company, which is expected to IPO before the end of the year with the symbol DASH. DoorDash was valued at $16 billion in an early funding round in 2020. The company raised $400 million in June. Friday’s prospectus says the company will raise $100 million, which is likely a placeholder. Largest Player in Market: DoorDash has the no. 1 market share position in the food delivery market, with over 18 million customers and partners with more than 390,000 merchants. DoorDash competes with Uber Eats, owned by Uber Technologies (NYSE: UBER ), Grubhub Inc (NYSE: GRUB ) and Postmates. Grubhub is merging with Just Eat, a European company and Postmates is merging with Uber Eats. In January 2018 DoorDash had 17% market share versus 27% from Uber Eats and 39% for Grubhub. … Full story available on Benzinga.com