The food delivery giant’s plans for an initial public offering (IPO) come as Airbnb Inc, Asana Inc., Palantir Technologies Inc., Snowflake Inc., and Unity Technologies Inc. also plan to debut as public companies this year.
In February, the Silicon Valley-based delivery unicorn filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC). But the company filed “confidentially,” meaning its financial reports would not be immediately made public. Confidential filings allow unprofitable startups in initial growth mode to investigate the early stages of a public listing without the public scrutiny.
At the time, DoorDash said its valuation was $13 billion at the close of 2019. The startup raised about $2 billion from investors, including SoftBank and venture capital firm Sequoia Capital. Its most recent funding was $100 million in November…
[Durable Capital Partners LP:] “DoorDash has pioneered a unique logistics platform that facilitates the delivery of food, groceries, and household essentials and has become ingrained in the lives of local communities as an essential service.”