DoorDash’s stock price nearly doubled in its first day of trading Wednesday as the food-delivery giant cashed in on a red-hot market for …
DoorDash’s stock price nearly doubled in its first day of trading Wednesday as the food-delivery giant cashed in on a red-hot market for tech offerings. The San Francisco-based startup’s shares opened on the New York Stock Exchange at $182 a pop and climbed as high as $195.50 — nearly 92 percent above the listing price of $102. The opening price gave DoorDash a fully diluted valuation of more than $68 billion, more than four times the $16 billion price tag the company got in a private fundraising round in June. The shares, which trade under the ticker symbol “DASH,” were recently up about 77 percent at $180.
