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DoorDash IPO sees stock take off on first day of trading – Source CNET Tech


DoorDash, the biggest US food delivery company, began trading on Wall Street on Wednesday.

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DoorDash saw its share price skyrocket by more than 85% on the New York Stock Exchange on Wednesday as it debuted on Wall Street. The company’s shares started trading at $182 apiece, much higher than the $102 initial public offering price it set on Tuesday evening. On market close, DoorDash shares were trading at $189. 

These numbers far exceed the company’s expectations from last month when it set its share price target range between $75 and $85.

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Source CNET Tech

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