DoorDash prices IPO at $102: Sources
Leslie Picker reports on the pricing for DoorDash's IPO. With CNBC's Dominic Chu and the Fast Money traders, Guy Adami, Tim Seymour, Bonawyn Eison and Karen Finerman.
DoorDash, the food delivery provider that?s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 a piece, pricing above its range, according to people familiar with the matter.
The offering on Tuesday values the company at $32.4 billion, based on common stock outstanding and $38.7 billion on a fully-diluted basis. The company previously said it expected to sell shares at between $90 and $95. The sources asked not to be named because the pricing is still confidential.