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DoorDash reportedly sets IPO price at $102 before trading kicks off on Wednesday – Source CNET Tech


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

Gabby Jones/Bloomberg via Getty Images

On the evening before becoming a publicly traded company, DoorDash has upped its share price to around $102, according to the Wall Street Journal. That’s more than the $75 to $85 target range it initially set last month and means the food delivery company would reportedly be valued at about $39 billion.

Those numbers are far higher than were projected earlier this year when DoorDash was privately valued at about $16 billion. While the company is not yet profitable, investors…

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Source CNET Tech

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