DoorDash set to blow past IPO price in blockbuster debut
(Reuters) - Shares of DoorDash Inc were set for a blockbuster debut on Wednesday after the food delivery startup raised $3.37 billion in one of the biggest U.S.
(Reuters) - Shares of DoorDash Inc were set for a blockbuster debut on Wednesday after the food delivery startup raised $3.37 billion in one of the biggest U.S. stock market launches so far in 2020.
At 12:00 p.m. ET, the company's shares were indicated to open between $195 and $200, significantly above its upwardly revised initial public offering price of $102 apiece.
If gains hold, DoorDash's market capitalization would be around $63.5 billion at the top end of the indicated range.
The indicated jump mirrors that of Warren Buffett-backed Snowflake Inc, whose shares more than doubled in their New York Stock Exchange debut in September.
The listing gains bode well for home rental startup Airbnb Inc, which is scheduled to make a highly-anticipated market debut on Thursday.
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila and Anil D'Silva)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
By Tom Hals (Reuters) - A police officer is being hailed for his role steering an angry mob away from the Senate chambers in Wednesday's deadly storming of the U.S. Capitol by supporters of President Donald Trump
WASHINGTON (Reuters) - At least 25 domestic terrorism cases have been opened as a result of Wednesday's assault on the Capitol by supporters of President Donald Trump, U.S. Army Secretary Ryan McCarthy told a Democratic lawmaker on Sunday
By Fransiska Nangoy and Bernadette Christina JAKARTA (Reuters) - Indonesian authorities on Sunday located the black boxes of the Sriwijaya Air jet that crashed into the sea soon after taking off from the capital Jakarta, as human body parts and pieces of the plane were retrieved. The Boeing 737-500 with 62 passengers and crew was headed on a domestic flight to Pontianak in West Kalimantan on Saturday before it disappeared from radar screens four minutes after take-off