DoorDash aims to raise $3.14 billion in much-awaited IPO

(Reuters) – Food delivery startup DoorDash Inc said on Friday it now expects to raise up to $3.14 billion in its U.S. initial public offering (IPO) after lifting its pricing range, signaling a frenzied interest from investors.



a person wearing a helmet: FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City


© Reuters/CARLO ALLEGRI
FILE PHOTO: A delivery person for Doordash rides his bike in the rain in the Manhattan borough of New York City

DoorDash, the biggest U.S. third-party delivery company for restaurants, plans to sell 33 million shares at between $90 and $95 apiece, it said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1792789/000119312520309968/d752207ds1a.htm. It had earlier targeted a price range of between $75 and $85 per share.

Founded in 2013, DoorDash is backed by the Vision Fund managed by Japanese tech giant SoftBank Group Corp, venture capital firm Sequoia Capital and the Government of Singapore Investment Corp (GIC), Singapore’s sovereign wealth fund.

Video: DoorDash kicks off IPO roadshow with updated filing (CNBC)

DoorDash kicks

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Jimmy John’s to Partner With DoorDash

Jimmy John’s, the private-equity-owned sandwich chain, will partner with food-delivery specialist DoorDash in an effort to expand its customer base and improve its delivery system, according to media reports.

DoorDash, San Francisco, said on Wednesday that Jimmy John’s restaurants across the U.S. will be added to its delivery website, according to CNBC.

Jimmy John’s, Champaign, Ill., said that it would continue to deliver its own orders. 

In February, the chain said it would never authorize third-party-delivery companies to deliver its orders.

The Jimmy Johns deal comes after DoorDash unveiled a new self-delivery service, which enables merchants to fulfill their own orders but benefit from the reach of the DoorDash app, according to CNBC.

The partnership is doing a pilot test with 100 restaurants over six months before making it a permanent chainwide deal, according to CNBC.

As part of the deal, Jimmy John’s will join DoorDash’s subscription program, which offers

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DoorDash looking for a valuation of nearly $30B

NEW YORK (AP) — DoorDash is looking for a valuation of nearly $30 billion when it takes itself public, reflecting how integral food delivery has become in millions of people’s lives during the pandemic.

The company is planning to raise up to approximately $2.8 billion from an initial public offering of 33 million shares. The offering is expected to be priced between $75 and $85 per share, according to a regulatory filing Monday.

DoorDash has experienced explosive growth this year.

Last year, the company generated $885 million in revenue. During the first nine months of 2020 revenue more than doubled that to $1.9 billion. It was already growing before the pandemic. In 2018 it brought in $291 million in revenue.


But DoorDash has lost money each year since its founding and the company has warned potential investors that losses could continue as the company anticipates increasing expenses. It had a

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DoorDash aims for up to $27 billion valuation in IPO

  • DoorDash is seeking to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering.
  • Those numbers would make DoorDash one of the most high-profile stock market debuts of the year.
  • Visit Business Insider’s homepage for more stories.

(Reuters) – Food-delivery startup DoorDash is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.

SoftBank-backed DoorDash plans to sell 33 million shares priced between $75 and $85 apiece, it said in a regulatory filing on Monday, as it looks to take advantage of a boom in U.S. capital markets.

DoorDash and rivals Uber Eats, GrubHub Inc and Postmates Inc have benefited from a surge in demand for food delivery services due to widespread COVID-19 lockdowns.

The company reported a surge in revenue

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Bay Area’s DoorDash to pay $2.5 million after allegedly tip theft

Bay Area restaurant-delivery firm DoorDash has agreed to pay $2.5 million to settle a government lawsuit alleging it stole drivers’ tips and deceived customers into thinking their tip money was going to drivers.

Washington, D.C. attorney general Karl Racine filed the civil suit last year, and in a news release accused the San Francisco company of “lowering labor costs by swiping tips left for workers.”

Racine claimed “DoorDash led consumers to believe that any tips would go directly to food delivery workers, while instead effectively treating this money as extra profit for the company.”

The suit in District of Columbia Superior Court alleged DoorDash would reduce drivers’ pay for each job by the amount of any tip. For example, if a customer left no tip on a job that was to pay $10 to the driver — called a “Dasher” by the company — DoorDash would pay the driver $10,

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US tech firms like Uber, Lyft, and DoorDash could pay gig workers up to 15% of their compensation in stock under new proposal


  • US tech firms including Uber, Lyft, and DoorDash could offer independent contractors up to 15% of their compensation in stock under a new regulatory proposal.
  • The proposal addresses heated debate in favor of allowing the fast-growing gig economy to enjoy more traditional benefits like job security.
  • The SEC’s proposal will be open for 60 days of public comment.
  • It is unclear if President-elect Joe Biden’s new SEC pick will finalize the pilot program.
  • Visit Business Insider’s homepage for more stories.

US app-based technology firms like Uber, Lyft, and DoorDash could offer equity compensation to their gig workers under a new SEC proposal announced Tuesday.

The regulator proposed a pilot program for tech platforms that employ food-delivery workers or drivers to get paid up to 15% of their compensation in stock rather than cash. Gig workers could not be paid in equity previously, but regular employees could.

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DoorDash Starts Dash For Multi-Billion Dollar IPO

DoorDash (DASH) has filed to raise $100 million in an IPO of its Class A common stock, according to an S-1 registration statement.

San Francisco, California-based DoorDash was founded to enable local retailers to provide delivery capabilities via the firm’s mobile app and logistics platform.

Management is headed by co-founder and CEO Tony Xu, who was previously Vice President of Finance at Uber Technologies.

The firm counts over 390,000 merchants, 1 million ‘Dasher’ delivery persons and over 18 million users.

DoorDash has received at least $2.26 billion from investors including SVF Fast, Sequoia Capital and Greenview Investment Pte.

The company obtains new users via online marketing and word of mouth.

It acquires new merchants via online marketing, inside sales and direct sales efforts depending on the size of the merchant network.

Sales and Marketing expenses as a percentage of total revenue have been uneven but dropping in the most recent

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DoorDash IPO filing shows huge growth and lots of risk

doordash-decade-review-2893

DoorDash is headed to Wall Street.


Angela Lang/CNET

Food delivery service DoorDash on Friday filed paperwork with the US Securities and Exchange Commission for an initial public offering. The S-1 filing, more than 200 pages long, shows that the company reported $1.9 billion in revenue for the nine months that ended Sept. 30, up from $587 million during the same period last year. 

The company also reported a net loss of $149 million in the first nine months of this year, which is less than the $533 million net loss it reported during the same time in 2019.

The past few months have been booming for DoorDash, as the novel coronavirus has caused people around the world to shelter-in-place and stay indoors. The company has gained millions of

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DoorDash Got a Big Pandemic Lift. Can It Deliver Again?

(Bloomberg) — DoorDash picked a good time to file its initial public offering prospectus: Its finances are looking pretty rosy right now.



a person sitting on a suitcase: A DoorDash Inc. delivery bag sits on the floor at Chef Geoff's restaurant in Washington, D.C., U.S., on Thursday, March 26, 2020. As the wheels of government turn too slowly for small businesses desperate for a piece of the $2 trillion U.S. relief package due to the coronavirus pandemic, restaurateur Geoff Tracy is using GoFundMe to raise money for 150 hourly workers at his American comfort food standby Chef Geoff's and other restaurants.


© Bloomberg
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C., U.S., on Thursday, March 26, 2020. As the wheels of government turn too slowly for small businesses desperate for a piece of the $2 trillion U.S. relief package due to the coronavirus pandemic, restaurateur Geoff Tracy is using GoFundMe to raise money for 150 hourly workers at his American comfort food standby Chef Geoff’s and other restaurants.

According to the document, made public on Friday, the food delivery company’s revenue more than tripled in the first nine months of this year compared to the year before, buoyed by Americans using the app to order dinner while sheltering in place. It has a growing cohort of users as part of its

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With Revenue Up 267%, Can DoorDash Keep Growing In 2022?

Food delivery service, DoorDash, is planning a $25 billion IPO in December. Should you buy?

I see three reasons to avoid shares in this IPO:

  • Its rapid revenue growth is not sustainable after the pandemic ends
  • It faces fierce competition and has no moat
  • Its corporate governance is shareholder unfriendly

(I have no financial interest in the securities mentioned).

DoorDash IPO Plan

DoorDash plans to go public in December and its market capitalization could top $25 billion, according

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