DoorDash Dashing To A Crash?
This is the week that was as it relates to Initial Public Offerings. Well, last week also.
Amongst the IPO royalty is a company called “DoorDash” (DASH) that hit the IPO switch on Wednesday and was up almost 90% on its first day of public trading.
DD had already re-priced its IPO price based on demand twice during the lead up to their birth as a public company, so the deal was pretty rich.