DoorDash IPO Valuation Analysis
Our base case valuation of DoorDash is $45 billion or $116 per share, which is 37% higher than the high end of the IPO price range of $75 to $85...
850 Views
Dada Nexus Placement: Ascend and Deliver
Dada Nexus is seeking to raise as much as $521 million through an issue of 9 million ADSs. Overall, we would participate in the placement.
436 Views
DoorDash IPO: First Take on Proposed IPO Price Range of US$75-85 Per Share
On some metrics, US-based online food delivery company looks reasonably priced at the mid-point of its IPO range. We highlight some factors that...
412 Views
DoorDash – Outperformance Vs. Grubhub
We follow up on our business model analysis for DoorDash by looking deeper into the company's financials, including a comparison against peer Grubhub.
490 Views
DoorDash IPO – Unprofitable Despite Pandemic Boost
Unlike some "contribution margin" companies DoorDash appears to have a path to profitability. The question is whether valuations will be reasonable...
398 Views