Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more
This site is for accredited investors, professional investors, investment managers and financial professionals only.
You should have assets around $3 million to $300 million or managing $20 million to $3 billion.
DoorDash IPO Rises 85% on Day 1, Raised $3.3 billion
9th December 2020 | Hong Kong
DoorDash, one of America’s largest food delivery service alongside UberEats, has raised $3.37 billion at their IPO on New York Stock Exchange (NYSE), with shares rising 85.7% on first day of trading (8/12/20). DoorDash IPO price is $102, with the share price opening at $182 and closing at $189.51 on day 1 of trading. At closing, DoorDash has a market value of $60.2 billion.
” DoorDash IPO on New York Stock Exchange, Rises 85% on Day 1, Raised $3.37 billion “
The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here
The 2024 Family Office Summit16th Oct Hong Kong | 23rd Oct Singapore
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here
DoorDash is one of America’s largest food delivery service, and in other countries including Canada and Australia. In 2019, DoorDash reported revenue of $885 million. For the first 9 months in 2020, the company had reported revenue of $1.9 billion, and gross orders value of $16.5 billion on 543 million orders.
DoorDash was founded in 2012 by 4 students as a class project to build an app for small business. The website was called PaloAltoDelivery.com and in 2013, joined Y Combinator start-up accelerator and received $120,000 in seed capital. In 2013, they changed the name of the company. The founders of DoorDash are Tony Xu, Stanley Tang, Andy Fang and Evan Moore.
Tony Xu, CEO & co-founder
Tony Xu is the CEO and co-founder of Doordash. In an interview with CNBC, he shared as a Chinese immigrant, he had moved to United States in 1989 at the age of 5 years old. His mother worked 3 jobs a day for 12 years to earn her U.S. medical degree, and he had started working at a young age by washing dishes with her in the restaurant she worked. At the age of 9, he started a lawn-mowing business. His parents placed great importance on education, and saved money to send him to University of California, Berkeley (Bachelor) and Stanford University (MBA). With DoorDash share price rising 85% on day 1, Tony became a billionaire and his personal fortune is estimated to be around $3 billion.
DoorDash IPO
DoorDash IPO original price target was $75 – $85 and subsequently increased to $90 – $95 before the final IPO pricing at $102, raising $3.37 billion. The underwriters for DoorDash IPO are Goldman Sachs and JP Morgan. Investors include SoftBank Vision Fund, Sequoia Capital, Greenview Investments (subsidiary of GIC)
Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.
Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services.
Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?
For top investment professionals, advisors, investors, business leaders. Join 11,000+ top investment professionals, institutional investors, professional investors & advisors. Our users typically manage $20 million to $30 billion of assets, invest $3 million to $300 million, or advise institutions, billionaires, UHNWs & HNWs. Covering capital market, investments, private wealth & family office in Asia.
Caproasia.com | Newsletter Daily 2 pm | Caproasia Access | The Financial Centre | Family Office Circle | Family Office Summit | Investment Day | Investment, Risk & Wealth Intelligence
2024 Key Events
> The 2024 Investment Day Hong Kong – 4th Sept
> The 2024 Investment Day Singapore – 11th Sept
> The 2024 Family Office Summit Hong Kong – 16th Oct
> The 2024 Family Office Summit Singapore – 6th Nov