DoorDash's IPO Filing Reveals Red Flags
DoorDash, currently the nation's 10th largest start-up by estimated valuation, has officially released its S-1 filing in preparation for its initial public offering. The food delivery company will trade under the ticker DASH on the New York Stock Exchange after it goes public within the next few months. While the company's headline numbers looked fantastic, anyone considering owning shares should take a closer look at the company's underlying business practices.
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The first thing investors likely noticed when looking at the S-1 (the SEC document any company going through an IPO needs to file) was that DoorDash has made impressive strides gaining market share -- as measured by total sales -- in the last few years. The company has gone from a 17% share of U.S. food delivery in January 2018 to a 50% share as of October of this year.
Source Fool.com
