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DoorDash reportedly valued at $39 billion in IPO

Dec. 08, 2020 11:09PM EST
 Dan Ackermann

Restaurant meal delivery company DoorDash on Tuesday evening raised $ 3.4 billion in its initial public offering, according to CNBC, and will begin trading Wednesday on the New York Stock Exchange under ticker symbol DASH.

By the numbers: DoorDash priced at $102 per share, versus its upwardly revised range of $90-$95 per share, giving it a fully diluted valuation of around $39 billion. Its last private market valuation was $16 billion, secured over the summer.

Go deeper: DoorDash CEO on the employees vs. contractors debate

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Housing inventories continue rebound with July gains

Data: National Association of Realtors, FactSet; Chart: Axios Visuals

The number of homes available for sale is rising, which is good news for prospective buyers who have been getting priced out of the market.

Why it matters: Home prices finally started to pull back in July as inventories rose. Prices had been surging over the last year as low mortgage rates and the sudden desire for more space caused housing demand to outstrip new supply.

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What we know about the victims of the San Jose mass shooting

Local authorities have identified the nine victims of Wednesday's mass shooting at a transit station in San Jose, California.

The big picture: Many of the victims were longtime employees of the Valley Transportation Authority. "Their jobs included bus and light rail operators, mechanics, linemen and assistant superintendent," reports AP.

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