<p><img src="https://static1.businessinsider.com/image/5fce889a037cbd001861450b-2000/2020-11-13T202748Z_293769456_RC2K2K9MCVMR_RTRMADP_3_DOORDASH-IPO.JPG" border="0" alt="doordash delivery driver" data-mce-source="Carlo Allegri/Reuters" data-mce-caption="A delivery person for Doordash rides his bike in the rain during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., November 13, 2020."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong>DoorDash priced its shares at $102 apiece on Tuesday ahead of its IPO, <a href="https://www.cnbc.com/2020/12/08/doordash-sells-shares-at-102-in-ipo-pricing-above-range.html" target="_blank" rel="noopener">CNBC's Leslie Picker reported</a>. That comes in well above the expected range.</strong></li><li><strong>The offering is expected to raise $3.4 billion, and it gives the food-delivery company a valuation of</strong><strong> $32.4 billion.</strong></li><li><strong>DoorDash <a href="https://markets.businessinsider.com/news/stocks/doordash-ipo-raise-3-billion-high-profile-stock-market-debut-2020-12-1029865253">lifted its pricing range</a> on Friday to $90 to $95, from $75 to $85. Its new pricing sets the company up to be one of the year's biggest debuts.</strong></li><li><strong>DoorDash is set to trade on the New York Stock Exchange under the ticker "DASH."</strong></li><li><strong><a href="https://www.businessinsider.com/'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingestutm_source=msn.com&utm_medium=referral&utm_content=msn-slideshow&utm_campaign=bodyurl'utm_source=markets&utm_medium=ingest">Visit the Business Insider homepage for more stories</a>.</strong></li></ul><hr><p>DoorDash priced its shares at $102 each on Tuesday ahead of its highly anticipated initial public offering, <a href="https://www.cnbc.com/2020/12/08/doordash-sells-shares-at-102-in-ipo-pricing-above-range.html" target="_blank" rel="noopener">CNBC's Leslie Picker reported</a>. The final pricing comes in well above the expected range.</p><p>That pricing will allow the company to raise $3.4 billion when it begins trading on Wednesday, according to a regulatory filing. It also gives the firm a $34.2 billion valuation, based on common stock outstanding, and $38.7 billion on a fully-diluted basis. It will mark one of the year's largest market debuts.</p><p>The pricing brings DoorDash well above the roughly $15 billion private valuation it achieved earlier in 2020, which was already a major increase from the $1.4 billion it was worth in 2018.</p><p>DoorDash is poised to become the highest-valued food-delivery company when it debuts on the New York Stock Exchange. The company is set to trade under the ticker "DASH."</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/stocks-to-buy-2021-top-dividend-payers-sp500-goldman-sachs-2020-12" target="_blank" rel="noopener">Goldman Sachs says buy these 25 stocks it expects to pay big dividends that will keep growing over the next decade</a></em></p><p>DoorDash <a href="https://markets.businessinsider.com/news/stocks/doordash-ipo-raise-3-billion-high-profile-stock-market-debut-2020-12-1029865253">lifted its IPO price range</a> on Friday to $90 to $95, from $75 and $85 per share. Its latest target sets it up to be among the year's five largest offerings.</p><p>IPOs from DoorDash, Airbnb, Wish-parent ContextLogic, and others are set to drive the busiest December on record for public offerings. US listings have already raised a record $156 billion in 2020, according to Bloomberg data, partially fueled by the year's blank-check frenzy.</p><p><a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> and <a href="https://markets.businessinsider.com/stocks/jpm-stock">JPMorgan</a> will serve as the offering's lead underwriters.</p><p><em><strong>Now read more markets coverage from Markets Insider and Business Insider:</strong></em></p><p><em><strong><a href="https://www.businessinsider.com/trading-strategy-market-wizard-chris-camillo-shares-secrets-to-millions-2020-12" data-analytics-position="4" data-analytics-module="">Market wizard Chris Camillo grew his trading account by $9.7 million in 2020. Here's the simple strategy he's using to mint millions.</a></strong></em></p><p><em><strong><a href="https://www.businessinsider.com/fiscal-stimulus-unemployment-aid-ppp-economic-growth-outlook-recession-jpm-2020-12" data-analytics-position="3" data-analytics-module="">The most effective stimulus bill will boost unemployment benefits and PPP in order to drive economic growth, JPMorgan says</a></strong></em></p><p><em><strong><a href="https://markets.businessinsider.com/news/stocks/stock-market-sp500-cape-ratio-highest-dot-com-crash-overvalued-2020-12-1029869993" data-analytics-position="2" data-analytics-module="">One gauge of stock-market valuation has reached its highest point since the dot-com bubbleand exceeds levels seen before the 1929 crash</a></strong></em></p><p><a href="https://markets.businessinsider.com/news/stocks/doordash-ipo-stock-offering-price-filing-dash-trading-debut-nyse-2020-12-1029875380#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/how-parasite-delivered-one-of-the-best-twists-in-cinema-2020-2">What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence</a></p>
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