DoorDash Preps $2.6B IPO As December Blitz Gets Underway

By Tom Zanki (November 30, 2020, 8:30 PM EST) -- Food delivery company DoorDash Inc. on Monday set a price range on an estimated $2.6 billion initial public offering, teeing off a likely blitz of IPOs that includes high-profile "unicorn" companies plus a bevy of smaller technology and life sciences issuers.

DoorDash, advised by Wilson Sonsini Goodrich & Rosati PC, told regulators it plans to offer 33 million shares between $75 and $85 each, raising $2.64 billion at midpoint. DoorDash's IPO is set to price during the week of Dec. 7 and is among the largest offerings in the near-term schedule, according to research firm Renaissance Capital.

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