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Commentary

DoorDash IPO Stuns

The U.S. food delivery service made quite a market debut.

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Wednesday belonged to DoorDash (DASH).

The U.S. food delivery service’s stock skyrocketed in its market debut, closing at $189.51 – well ahead of the $102 initial public offering (IPO) price the company had set on Tuesday night.

Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.