DoorDash Opens At $182, Well Above $102 IPO Price

DoorDash DASH made its public debut on Wednesday afternoon, opening at $182 after being priced at $102 per share.

The company listed on the New York Stock Exchange under the ticker symbol "DASH."

About DoorDash: The food delivery DoorDash holds the number-one market share position in the food delivery market, with a share of 50% as of October.

Market Size: The company’s market share was 17% in January 2018. DoorDash competes with Uber Eats, owned by Uber Technologies UBER, Grubhub Inc GRUB and Postmates, which is merging with Uber Eats. 

The IPO underwriting process will be managed by Goldman Sachs, JPMorgan Chase & Co, Barclays, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank — a unit of UBS Group AG.

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