DoorDash Sets Price Range for IPO; Aims to Raise as Much as $2.8 Billion

DoorDash Sets Price Range for IPO; Aims to Raise as Much as $2.8 Billion
Eric Volkman, The Motley Fool

DoorDash has put a price tag on its upcoming initial public offering (IPO). In a regulatory document filed on Monday, the grocery- and restaurant-delivery service wrote that its common stock will be sold in the IPO for $75 to $85 per share. All told, from January to September, DoorDash managed to grow its revenue by a very robust 226%.