Priced at $102 (from around $75 a week ago). Indicated to open at $190 to $195 now
The Doordash IPO is awaiting the first trade. The issue was priced at $102. It was indicated at around $75 a week ago.
The current indication is $190-$195 $195 -$$200 as the first-trade is still awaited.
Meanwhile, today J.P. Morgan downgraded recent high flyers including Crowdstrike, Okta, Docusign, Zoom and Cloudflare citing growth valuations.
The major indices are lower with:
- S&P index down -5.28 points or -0.14% at 3697
- NASDAQ index -33.75 points or -0.27% at 12548.80
- Dow down 43 points or -0.14% at 30131
PS. Every time they say "Doordash", my mind hears Jordache.
