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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.

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