San Francisco (AFP) – Food delivery startup DoorDash surged in a US stock market debut as investors gobbled up shares, kicking off a “unicorn parade” set to include Airbnb on Thursday. DoorDash shares priced at $102 for an initial public offering on Wednesday jumped more than 80 percent out of the gate, ending the formal trading day at $189.51. The San Francisco-based firm raised $3.4 billion in a market hungry for emerging tech sector firms catering to pandemic lifestyle shifts to give the fast-growing firm a valuation of $39 billion at the opening. “In this Covid backdrop, food delivery is a…
DoorDash shares rocket amid IPO fever
