The online fashion reseller has benefited from a flood of demand as locked-down shoppers turn to e-commerce amid the coronavirus pandemic.
The flotation of the online lender extends "a frenzied run of tech IPOs dating back to the second half of last year."
At the opening price, Wall Street valued DoorDash at $69 billion — more than Chipotle, Domino’s Pizza, and Dunkin’ Brands combined.
“Our business rebounded faster than anyone expected, and it showed that as the world changes, our model is able to adapt."
The No. 1 food-delivery service's revenue more than tripled in the first nine months of 2019 though it warned the pandemic-fueled spurt may not last.
The initial public offering would have valued Ant at more than $310 billion.
The direct-to-consumer company is looking to raise up to $640 million amid a surge in demand for backyard pools.
These three companies are expected to go public via a traditional IPO this week.
In an unusual move, the company's upper management, rather than its investment bankers, will determine the actual price, using an online bidding system.
The cloud data warehousing company raised the largest IPO ever for a U.S. software company.
Investments by Salesforce and Berkshire Hathaway could provide the data warehouse startup with more than $800 million in additional capital.
The cloud-based data warehouse company is “one of the world’s most valuable former startups that is still private."
