DoorDash took in $1.9 billion in revenue in the first nine months of 2020 — up nearly 224% from the $587 million logged during the same period a year ago. That’s according to the prospectus that the San Francisco-based company filed with the U.S. Securities and Exchange Commission (SEC) as DoorDash moves toward an initial public offering.
The number of shares to be offered and the price range for the proposed offering haven’t been determined yet. DoorDash intends to list its Class A common stock on the New York Stock Exchange under the symbol “DASH.”
In its new filing, DoorDash said that it’s supported by some 1 million delivery drivers — whom the company calls “dashers’ — and has more than 19 million customers. That number includes 5 million customers who pay $9.99 per month for the company’s DashPass, which offers unlimited restaurant deliveries.
Source: Retail Leader
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