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Questions and Answers
What is the maximum amount DoorDash intends to raise in its initial public offering?
At what price range does DoorDash plan to sell its shares during the IPO?
How much revenue did DoorDash generate in the first nine months of the year?
What was DoorDash's net loss during the first nine months of the year compared to 2019?
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In which quarter was DoorDash briefly profitable?
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What percentage of voting control does Tony Xu have in DoorDash?
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What was the estimated valuation of DoorDash at the top end of its IPO price range?
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Which measure did California voters approve that positively affected DoorDash's listing plans?
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Study Notes
DoorDash IPO
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DoorDash, the biggest U.S. food delivery company, is seeking to raise up to US$2.8 billion in its initial public offering.
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The San Francisco-based company is planning to sell 33 million shares for US75toUS75 to US75toUS85 each.
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At the top end of this range, the company could be valued at about US$32 billion.
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This valuation is an increase from when private investors valued DoorDash at around US$16 billion in June.
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DoorDash joins a group of consumer-oriented, web-based companies, including Airbnb, Roblox, Affirm Holdings, and ContextLogic, that have lined up IPOs for December.
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DoorDash has seen a sharp jump in revenue this year, and, more surprisingly, a profitable quarter.
- For the first nine months of the year, DoorDash had US1.9billioninsales,morethantripletheUS1.9 billion in sales, more than triple the US1.9billioninsales,morethantripletheUS587 million during the same period last year.
- Its net loss narrowed to US149million,comparedwithUS149 million, compared with US149million,comparedwithUS533 million for the period in 2019.
- DoorDash was briefly profitable in the second quarter of the year, posting US$23 million in profit.
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The company's listing plans, along with the entire app-based service industry, got a boost when California voters approved a ballot measure setting aside a state law requiring gig-economy companies to treat their drivers more like employees than contractors.
DoorDash Leadership
- Co-founder and chief executive, Tony Xu, holds a chunk of DoorDash's Class B super-voting shares, which have 20 votes each.
- He also has voting control over the rest of the 20-vote shares, which are split between his co-founders, Stanley Tang and Andy Fang.
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Description
Explore the highlights of DoorDash's initial public offering, including its valuation, revenue growth, and comparisons with other tech companies. This quiz will test your knowledge of key financial metrics and IPO processes related to DoorDash. Prepare to dive into the details of one of the largest food delivery companies in the U.S.
