2020 was a record year with over $140 billion raised via 383 IPOs and the DoorDash IPO is set push these numbers even higher. The DoorDash IPO is scheduled to take place today, on December 8th, a month that's usually quiet for public debuts but with how the market is boiling hot right now, it doesn’t really matter. Here is my bottom line about this Initial Public Offering: DoorDash is a good company with 18 million customers. DoorDahs provides a valuable last-mile product transportation service to local retailers in the U.S., Canada and Australia, mainly food and retail deliveries. It has over 390,000 merchants and it will get the symbol DASH on the New York Stock Exchange, but I think the current valuation of about $30 billion is way to high and at $90 per share, this IPO is overvalued and I am not going to buy any shares unless it comes down to about $55 - $60 per share.
Watch the full video showcased during my analysis on Slidebean: Startups 101 Youtube channel here:
https://www.youtube.com/channel/UC4bq21IPPbpu0Qrsl7LW0sw
Everything you see and hear in this video is my own personal opinion and may be inaccurate or completely wrong. This video is purely for entertainment purposes and is not intended to be an advice of any type. These are my thoughts and opinions and in case you intended to invest in the stock market, please speak to your financial advisor first.
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Watch the full video showcased during my analysis on Slidebean: Startups 101 Youtube channel here:
https://www.youtube.com/channel/UC4bq21IPPbpu0Qrsl7LW0sw
Everything you see and hear in this video is my own personal opinion and may be inaccurate or completely wrong. This video is purely for entertainment purposes and is not intended to be an advice of any type. These are my thoughts and opinions and in case you intended to invest in the stock market, please speak to your financial advisor first.
Become a channel member to get access to members only feed and videos: https://www.youtube.com/channel/UCJwKCyEIFHwUOPQQ-4kC1Zw/join
👏👏👏 Big shout out to our growing list of Patreons as well. For those of you want (and can) support our channel, here is how you can become a Patreon of the channel and help support what we do for the community: https://www.patreon.com/user?u=13016082
If you would like to support the channel by buying merch, you can do that here (allegedly:)): https://teespring.com/stores/tom-nash-merch