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DoorDash鈥檚 IPO Filing Reveals Revenue, Losses, Market Share

filed paperwork Friday, revealing a 226 percent increase in revenue over the past nine months and a jump in market share in the last two years, according to the U.S. Securities and Exchange Commission filing.

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San Francisco-based DoorDash was co-founded by , and in 2013. Today鈥檚 S-1 revealed that the company works with more than 390,000 merchants, 18 million customers and over 1 million 鈥淒ashers鈥 across the U.S., Canada and Australia.

The company posted $885 million in revenue for 2019, up from $291 million in 2018. For the nine months ended Sept. 30, 2020, DoorDash generated $1.9 billion in revenue, up from $587 million for the same period in 2019.

Meanwhile, the company reported net losses of $667 million for the year 2019 and $149 million for the nine-month period ended Sept. 30, 2020, compared to net losses of $504 million and $203 million, respectively, reported for the same time in 2018 and the same nine-month period in 2019.

As of October, the company said, it holds approximately 50 percent of the market share based on total sales, followed by at 26 percent.

The company acknowledged that COVID-19 accounted for a 鈥渟ignificant increase鈥 in revenue for year-over-year results and that growth 鈥渕ay not continue in the future, and we expect the growth rates in revenue, total orders and marketplace GOV to decline in future periods.鈥

DoorDash has raised in venture capital funding, which included a round, led by , back in June, according to 附近上门 data. That is on a $16 billion post-money valuation, according to Axios.

Its biggest shareholders holding Class A shares include:

  • , 24.9 percent
  • , 20.4 percent
  • Greenview Investment Pte Ltd., 10.5 percent

CEO Xu holds 41.6 percent of Class B shares, while Fang and Tang each hold approximately 39 percent.

The company plans to price its IPO before the end of the year and to list on the New York Stock Exchange with the ticker symbol DASH.

DoorDash鈥檚 filing comes on the heels of reported filings soon to drop from , , and . Meanwhile, another food delivery company may be next: yesterday that chose to lead a 2021 IPO at a $30 billion valuation.

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