Food delivery service DoorDash is talking to banks to secure a line of credit of about $400 million ahead of a potential IPO, according to Bloomberg. DoorDash could go public as early as next year, according to the report. This comes as investors are awaiting an IPO from Postmates, a smaller food delivery company, and after Uber’s second-quarter results showed that its Eats meal delivery unit...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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