DoorDash’s $3.4 Billion IPO


Goodwin Procter LLP advised the underwriters of DoorDash on the deal.

DoorDash, Inc. (“DoorDash”) announced the pricing of its initial public offering of its Class A common stock at a price of $102.00 per share. DoorDash is offering 33,000,000 shares of its Class A common stock. The shares are expected to begin trading on the New York Stock Exchange on December 9, 2020 under the symbol “DASH” and the offering is expected to close on December 11, 2020, subject to customary closing conditions.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the proposed offering. Barclays, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank are acting as book running managers, and Mizuho Securities, JMP Securities, Needham & Company, Oppenheimer & Co. Inc., Piper Sandler, and William Blair are acting as co-managers for the proposed offering.

DoorDash is a technology company that connects customers with their favorite local and national businesses in more than 4,000 cities and all 50 states across the United States, Canada, and Australia. Founded in 2013, DoorDash empowers merchants to grow their businesses by offering on-demand delivery, data-driven insights, and better in-store efficiency, providing delightful experiences from door to door.

The Goodwin team was led by Heidi Mayon (Picture) and Julia White. It also included Sona Karakashian, Vincent Dutkowski, Lynda Galligan, Monica Patel, Andrew Hedman, Jacob Osborn, Jim Riley, Ben Horwitz, Victor Wang, Jacqueline Klosek, David Kantrowitz, Koray Bulut, and Brooks Brown.

Involved fees earner: Koray Bulut – Goodwin Procter; Lynda Galligan – Goodwin Procter; Andrew Hedman – Goodwin Procter; Benjamin Horwitz – Goodwin Procter; Sona Karakashian – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Heidi Mayon – Goodwin Procter; Jacob Osborn – Goodwin Procter; Monica Patel – Goodwin Procter; James Riley – Goodwin Procter; Victor Wang – Goodwin Procter; Julia White – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Goldman Sachs & Co.; J.P. Morgan Securities LLC;

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Author: Ambrogio Visconti