Investors have not lost their appetite for growth shares
DoorDash filed a fresh S-1/A, providing the market with a new price range for its impending IPO.
The American food delivery unicorn now expects to debut at $90 to $95 per share, up from a previous range of $75 to $85. That’s a bump of 20% on the low end and 12% on the upper end of its IPO range.
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DoorDash still anticipates 317,656,521 shares outstanding after its IPO, giving the company a new, non-diluted valuation range between $28.6 billion and $30.2 billion. On a fully diluted basis, the company’s valuation rises to more than $35 billion.