DoorDash

DoorDash is an American food delivery service that operates in 850 North American cities by December 2020. The number of restaurants connected to the platform is 390 thousand, and the number of its users is 18 million.

History

2025: $3.9 billion Deliveroo purchase

British food delivery service Deliveroo has agreed to a takeover by the largest American competitor DoorDash. Under the terms of the agreement, DoorDash will acquire shares in Deliveroo, paying 180p for each, that is, at a 44 percent premium. Thus, the entire deal is estimated at £2.9 billion ($3.9 billion). If the transaction takes place, the combined company will be represented in more than 40 countries of the world, and the number of customers will reach almost 50 million. This was announced in May 2025 by the Head of DoorDash Tony Xu. Read more here

2021: DoorDash bought Wolt Enterprises for €7bn

On November 9, 2021, the sale of Wolt Enterprises to the American food delivery service DoorDash was announced for 7 billion euros. The buyer will pay for the entire deal, which is scheduled to close in the first half of 2022, with his shares. Read more here.

2020: Going public with the NYSE

On December 9, 2020, DoorDash officially entered the New York Stock Exchange (NYSE). The company set the IPO price at $102 per share (this is above the previously announced range of $90-95), which made it possible to raise $3.4 billion. On the first day of trading, the securities of the food delivery service rose 86% to $189, and the company's market capitalization reached $71.8 billion, while in June 2020 the startup was estimated by investors at $16 billion.

Major DoorDash investors who could benefit from this IPO include Sequoia Capital, the Vision Fund Softbank and a fund DST Global founded by the Russian-Israeli billionaire, Yuri Milner said. Bloomberg

Food delivery service DoorDash went public and was valued at $71.8 billion

The public offering of DoorDash is provided by banks Goldman Sachs, JPMorgan Chase, Barclays, Deutsche Bank, RBC Capital Markets and UBS. The company's stock is sold under the ticker symbol DASH.

According to the news agency, this listing made the founders of DoorDash billionaires. So, Tony Xu, Andy Feng and Stanley Teng own stakes in the amount of $2.4 billion to $2.7 billion, according to the Bloomberg billionaires index. Xu's papers, who is the company's CEO, give him control of the company - he has 69% of the vote.

DoorDash's IPO has become one of the largest in the United States in 2020. According to Dealogic, since the beginning of the year, companies have attracted shares on American exchanges for a total of more than $140 billion, which is a record volume. DoorDash took advantage of the jump in demand for food delivery provoked by the coronavirus pandemic and the investor's optimism about the IPO, Bloomberg notes.^[1]

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