DoorDash Seeks Much Higher Valuation In Its IPO

DoorDash is seeking a valuation of up to $32 billion in its IPO, which is twice what it was seeking five months ago. The company revealed updated details about its initial public offering in a new filing with the Securities and Exchange Commission today.Q3 2020 hedge fund letters, conferences and moreDoorDash updates valuation for IPOIn its IPO, DoorDash wants to raise up to $2.8 billion at the $32 billion valuation, compared to the $16 billion valuation the company was seeking in June. The company is planning to sell 33 million shares for between $75 and $85 each. It will list on the New York…

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HEDGE accordingly