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DoorDash (DASH) Stock Debuts at $182 per Share on NYSE and Closes 5% Higher
Dec 10 2020 · 14:30 UTC by Mercy Tukiya Mutanya · 2 min read
Photo: Depositphotos
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The food delivery company went public on the New York Stock Exchange Wednesday starting the day with its DASH stock at $182 per share and closing at $189.51.
Trading under the symbol DASH, with JPMorgan and Goldman Sachs as the main underwriters, DoorDash Inc had a market value of about $60.2 million at closing. This is a huge leap from a $16 billion value earlier this year.
This comes as a huge and much-needed gain for Softbank Vision Fund, the largest shareholder with a stake of about 20%. Softbank missed out on Slack’s 44% valuation spike resulting from its $27 billion sale to Salesforce.com Inc (NYSE: CRM) last week. It sold its stake in Slack IPO before last week’s sale.