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DoorDash IPO stuns

The US food delivery service made quite a market debut.

Susan Dziubinski 11.12.2020

DoorDash Logo

Wednesday belonged to DoorDash (DASH).

The US food delivery service’s stock skyrocketed in its market debut, closing at $189.51 – well ahead of the $102 initial public offering (IPO) price the company had set on Tuesday night.

Clearly, investors continue to pay top dollar for leading tech IPOs – even for companies like DoorDash that aren’t yet profitable.

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About Author

Susan Dziubinski  Susan Dziubinski is director of content for Morningstar.com.

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