DoorDash Looks to Go Public With Direct Listing

DoorDash Looks to Go Public With Direct Listing

Assessment

Interactive Video

Business, Other, Information Technology (IT), Architecture

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the total amount raised by DoorDash in its lifetime and its current valuation?

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