PALO ALTO, U.S. -- Food delivery company DoorDash had a blockbuster first day of trading on Wednesday, sealing a lucrative investment for early backer SoftBank and making billionaires of its three Chinese-American founders.
DoorDash's shares opened at $182 on the New York Stock Exchange on Wednesday and closed at $189.51, up 86% from the IPO price of $102. The price set for the offer was already higher than the target range of $90 to $95 that the company predicted in its IPO filings.
