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Chronicles

The story behind the story

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Sources: DoorDash is expected to price shares in its IPO at $102, valuing the company ~$38.7B fully diluted, well above last week's $90 to $95 range

- DoorDash sold shares at $102 a piece in its IPO, above its range of $90 to $95, according to people familiar with the matter.

CNBC

Discussion

  • @dionrabouin Dion Rabouin on x
    I know this doesn't matter, like, at all, but how does @DoorDash bring in $16.5B in orders, earn $879M in revenue and still LOSE $149M?!?! How on earth does a company with a business model predicated on taking money from restaurants AND users spend $1B?! https://www.cnbc.com/...
  • @cgrantwsj Charley Grant on x
    Delivering bags of food to homes. The future is incredible. https://twitter.com/...