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Briefing
markets

DoorDash Begins Trading at $182

By
Ross Matican
· · Source: The Information

Shares of DoorDash began trading Wednesday morning at $182 apiece, 78% higher than the company’s IPO price of $102. The surge reflects intense investor demand for the food delivery service stock, amid a generally overheated stock market. Last night, DoorDash raised nearly $3.4 billion in its IPO. Its offering price implies a public market valuation of $32.4 billion, excluding options and...

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