IPO Terms
Company: DoorDash
Proposed Symbol: DASH
Exchange: NYSE
Expected IPO Date: 12/9/20
CEO: Tony Xu
# of Employees: 3279
Offer Amount: $3.1B
Proposed Share Range: $90-$95
Shares Offered: 33M
Estimated Market Cap: $39B
Company Overview
“We founded DoorDash to be a merchant-first business. We enable local brick-and-mortar businesses to thrive in an increasingly convenience-driven economy with rapidly evolving consumer expectations.”
Lead Underwriter(s): Goldman Sachs, J.P. Morgan, Barclays Capital
VC/PE Investors: Soft Bank Capital, Sequoia Capital, SV Angel, Y Combinator
Competitors: Postmates, GrubHub, UberEats
Revenue
Year ended Dec. 31, 2018: $291M
Year ended Dec. 31, 2019: $885M
Net Loss
Year ended Dec. 31, 2018: $204M
Year ended Dec. 31, 2019: $666M
Current Financial Status (as of Sept. 30, 2020)
Cash: $1.6B
Total Assets: $2.8B
Total Liabilities: $1.4B
Accumulated Deficit: $1.3B