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DoorDash reportedly valued at $39 billion in IPO

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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