Why a DoorDash IPO Might not Deliver for Investors
Food delivery leader DoorDash filed for an initial public offering in February, which was bad timing for a listing announcement, but prescient since it would benefit from the lockdown orders that would soon follow.
While its market debut was delayed, the company still seems to be preparing for a public entrance as it raised $400 million from investors in June, valuing the business at $16 billion. With food delivery playing a leading role in the survival of restaurants during the pandemic, DoorDash could make a big splash when its IPO lands.
Yet investors might want to use caution before grabbing a slice of this third-party food delivery provider.
Source Fool.com
