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Latest DoorDash Stock IPO News
08/22/2020: DoorDash Is Planning a Traditional IPO in Fourth Quarter 2020
07/16/2020: DoorDash inks deal with Walgreens to provide over-the-counter medicine and snack deliveries
07/06/2020: The Delayed DoorDash IPO Appears Imminent and Impressive
06/18/2020: DoorDash confirms $400M raise, IPO timing unclear
02/27/2020: DoorDash Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering
What is DoorDash?
DoorDash is an on-demand third-party food delivery service. The company primarily partners with local restaurants to enable customers to buy meals online and deliver them to their door.
It’s one of the top three food delivery services in the United States. It services more than 4,000 cities and partners with more than 340,000 stores across the U.S., Canada, and Australia.
DoorDash was founded in 2013 and is headquartered in San Francisco. The company is a graduate of the Y Combinator seed funding start-up accelerator.
Is DoorDash Publicly Traded?
No, the company is still privately owned. Shareholders include the founders, employees, early investors, and venture capital investors.
You can find a complete list of DoorDash investors and other company information at Crunchbase.
When is the DoorDash IPO date?
There is no DoorDash IPO date declared yet.
The company confidentially submitted a draft registration S-1 filing to the Securities and Exchange Commission (SEC), and announced this to the public on February 27th, 2020.
In the filing, it stated the IPO is expected to happen after the SEC completes the standard review process, subject to market conditions.
However, in June 2020, DoorDash raised $400 million in private funding at a valuation of about $16 billion. The private funding round made the IPO’s timing less predictable because they have more money for operations.
We won’t have an idea of the IPO date until one of two things happens:
- The DoorDash IPO date range leaks to the financial press
- The SEC releases a publicly-available DoorDash S-1 filing
Even when the company and SEC publicly release the S-1 filing, we still won’t know a firm date. However, the IPO date typically occurs a month or two after the S-1 releases to the public.
Because DoorDash is a so-called unicorn, DoorDash IPO date announcement will be widely publicized.
What is the DoorDash Stock Price?
Since DoorDash is not publicly traded on a stock exchange, there is no DoorDash stock price yet.
When the S-1 filing becomes viewable to the public, we’ll get some indications of the amount the company seeks to raise and where it will price.
The final DoorDash IPO price will be announced the evening before the IPO date.
What is the DoorDash Stock Symbol, DoorDash Ticker?
DoorDash has publicly released its S-1 filing with the SEC yet. Therefore, it is not yet known what the DoorDash stock symbol will be. We can only speculate about the DoorDash ticker.
Here are three suggestions, all of which are available in the U.S.:
Will DoorDash Stock be a Motley Fool Stock Advisor Recommendation?
We won’t know until after the IPO if DoorDash will be a Motley Fool Stock Advisor recommendation. But, DoorDash stock fits the mold of high-growth, disruptive business models that the Fool typically recommends.
When the Motley Fool recommends a company, there is usually an immediate spike in the price. Fool newsletter subscribers are notoriously long-term minded and rarely sell, meaning the stock price will continue to rise.
DoorDash may also receive a recommendation by the Motley Fool Rule Breakers newsletter or other premium services. Both services have handily beaten the broader market since the early 2000s.
Read this Motley Fool Stock Advisor review to learn about their stock selection methodologies and how you can participate in excellent returns.
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Can you Buy DoorDash Stock? Three Potential Ways
It is challenging to acquire shares of a stock that is not yet trading on the public markets. It is possible, but you may not be eligible, and it may not be worth the hassle.
For example, if you look at Uber stock, individual investors salivated for years, waiting for it to trade publicly. When it finally went public, the stock price fell. So you were better off waiting to buy the stock instead of buying it before the IPO.
There are three ways you may be able to acquire shares of DoorDash stock.
- Buy DoorDash Stock in the Initial Public Offering (IPO)
- Buy DoorDash Stock After it Begins Trading
- Buy DoorDash Stock in Pre-IPO Secondary Marketplaces
1. Buy Stock in the DoorDash Initial Public Offering (IPO)
Ambitious investors can position themselves to invest in the DoorDash IPO. IPO investing is usually challenging for regular investors to gain access. However, the marketplace has changed.
IPOs have always been available to the wealthiest customers of the leading brokerage firms. That’s great if you’re wealthy. Certain online brokers are better for IPO investing than others.
Financial technology is changing the way ordinary investors can invest in IPO. You can now invest in IPOs for as little as $100.
The top broker for accessing IPOs today is TradeStation.
TradeStation has partnered with the IPO investing app ClickIPO to give its customers seamless access to IPOs and follow-on (secondary) offerings.
ClickIPO is a smartphone app available now from the Apple Store, but you need a TradeStation account to invest.
The partnership empowers ordinary investors to invest in IPOs and secondary offerings through their existing brokerage account.
This promising new app is available to all U.S. based investors today for research and reserving IPO shares. Link your existing online brokerage at TradeStation to get started immediately.
A second broker called Webull has partnered with ClickIPO to bring direct IPO access through its investing app. Webull is a smartphone-first broker similar to Robinhood.
But unlike Robinhood, Webull offers free access to IPOs.
You can start buying IPOs once you deposit your first $100 to Webull.
For a complete list of IPO-friendly online brokers and their eligibility, check out this page. Fidelity, TD Ameritrade, and Schwab are the most likely to receive allocations for their customers, but only their wealthiest customers even get shares.
Click here to download the free 15-page eBook, How to Invest in IPOs – A Fundamental Guide for Ordinary Investors.
2. Buy DoorDash Stock After the DoorDash IPO
Since acquiring pre-IPO shares is delicate and usually reserved for wealthy investors, the most likely way you’ll ever own the stock is to wait patiently for the IPO to complete.
In many cases, investors can get in at a price at or below the IPO price. This is not always true. The Beyond Meat IPO, for example, soared and never looked back. But Uber, which many predicted to rise steeply, actually fell on the IPO date.
The moral here is that spending significant effort to own a company before the IPO may not be worth it. You may also spend time and energy to obtain shares, but only receive a small allocation. Even if the stock soars, your upside gain may be limited.
Your best chance to own the stock is by waiting for the IPO and making a purchase of DoorDash stock through a no-fee online brokerage account. You can open the account well before the IPO, then place your first trade to learn how to buy shares.
I recommend starting with a company you know well. If you like Starbucks, for example, buy Starbucks stock.
So what is the best online brokerage for buying DoorDash stock after the IPO?
As an individual investor, you’ll want to open an account with a commission-free online broker. That way, you’ll invest most of your money instead of waste it on fees.
I’ll go over one of my favorites below. It has very reasonable fees and will make it easy to buy DoorDash stock once it begins trading on open stock markets.
What is the Best Online Broker to Buy DoorDash Stock after the IPO?
On the contrary, long-term investors may prefer an online broker that’s better for dollar cost averaging and dividend reinvestment.
I’m a big fan of the online brokerage M1 Finance. M1 Finance is a reliable and robust, no-fee online broker for beginner to intermediate investors. It’s easy to get started.
As your investing skills and portfolio mature, M1 is one of the best platforms to scale.
Investing in stocks is 100% free on the platform. They also offer an integrated checking account and low borrowing rates. Read my complete M1 Finance review here.
M1 Finance does not offer IPO access. But it’s my favorite for every day investing.
The platform is more intuitive than old school brokers because it’s built on a modern technology platform. You create portfolio “pies” that contains all the stocks and ETFs you want to own and in what percentages. Simply add DoorDash stock to your portfolio pie.
3. Buy DoorDash Stock in Pre-IPO Secondary Marketplaces
Founders, early employees, and investors often find themselves in a difficult predicament. They own valuable shares of a company that doesn’t trade publicly.
These shareholders might have multi-million dollar net worth’s because of their stock holdings, but the stock is not liquid because it doesn’t trade on an exchange.
Both sites bring liquidity to an otherwise illiquid asset. Accredited investors may join these sites and attempt to buy shares of these companies when they become available.
The shares are only offered to accredited investors because the company’s financials are not publicly filed with regulators yet, increasing the investor’s risk.
For High-profile companies, demand is high, lowering your chances of acquiring shares, if you’re accredited.
One last possibility is a directed share program. Sometimes when companies file their S-1 SEC filing (to begin the IPO process), they include a directed share program for executives, cusomers, affiliates, and other people who helped the company grow.
Because of that, it is possible that DoorDash would offer IPO shares to customers or delivery drivers.
We’ve seen this happen before. In particular, Uber offered shares to drivers that completed a certain number of trips. GoPro offered shares to their email subscriber list.
Though this is unlikely, joining the DoorDash email list or becoming a customer may give you a leg up on other investors because you’ll better understand the service.
For ordinary investors, it will be difficult to acquire pre-IPO DoorDash shares. If you’re determined, follow the pre-IPO marketplaces and pay attention to any offerings. You must be accredited to invest this way.
Otherwise, you’ll need to wait for the DoorDash IPO date to buy shares.
But that’s not necessarily a reason to be disappointed. Google’s shares rose 18% on the day of its IPO. Many people probably sold that day. Had they held for the next decade, their holdings would have been up 1,000%.
When the DoorDash IPO is near, please perform due diligence on the SEC S-1 filing and don’t buy DoorDash stock with money you can’t afford to lose.
Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs.
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