DoorDash Looks to Go Public With Direct Listing

DoorDash is considering a direct listing to avoid the scrutiny of a traditional IPO and has recently raised $100 million from T Rowe Price. The company is financially stable and not in a rush to spend its funds. Other tech companies like Spotify, Slack, and potentially Airbnb are also choosing direct listings. DoorDash operates in a competitive, capital-intensive market and is not yet profitable. However, it leads 35% of consumer spending in its sector, largely due to its success in suburban areas and partnerships with major restaurant chains. DoorDash has raised $2 billion and is valued at $13 billion.

Why is DoorDash considering a direct listing instead of a traditional IPO?

• To avoid investor roadshow scrutiny

• To merge with another company

• To raise new funds

• To increase their market valuation

Which company was the first major one to choose a direct listing?

• Slack

• Airbnb

• DoorDash

• Spotify

What percentage of consumer spending is led by DoorDash according to the Edison Friends report?

• 45%

• 35%

• 25%

• 55%

Which areas have DoorDash successfully conquered to lead in consumer spending?

• Suburbs

• Rural areas

• Urban centers

• International markets

What is DoorDash's current valuation as mentioned in the transcript?

• $10 billion

• $11 billion

• $12 billion

• $13 billion