DoorDash looking for a valuation of nearly $30B

[Victoria33]

DoorDash looking for a valuation of nearly $30B​

Nov. 30, 2020

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.

More:

https://www.sfgate.com/business/article/DoorDash-looking-for-a-valuation-of-nearly-30B-15762719.php

Wikipedia:

DoorDash - Wikipedia

Pretty phenomenal for a company such as this.

 

[PaulinVA]

Pretty phenomenal for a company such as this.

They’re a “technology” company. The drivers are contractors. I don’t see that valuation.

 

[billsherman]

I don’t see that valuation.

Whatever you do, never, ever, look at Tesla.