DoorDash goes public; CEO now worth over $3 billion and SoftBank gains 16x returns

DoorDash has brought over 16x in returns to SoftBank's investment in the company.


Alfred Lee

10 Dec, 2020

DoorDash goes public; CEO now worth over $3 billion and SoftBank gains 16x returns | BEAMSTART News

- From our Sponsors -

On Tuesday, America's DoorDash went public, raising $3.37 billion on their IPO.

Shortly after their debut, the company's shares soared over 92%, reaching a high of $195.50, valuing it close to $70 billion

With DoorDash's shares soaring, it's co-founder and CEO Tony Xu's stake is now worth $2.7 billion.

DoorDash CEO, Tony Xu

One of the company's largest investors was SoftBank, who emerged as one of the biggest winners from the company's IPO.

The Japanese telecommunications giant owns 20% of DoorDash post IPO, a stake acquired just 2 years ago for $680 million via the Vision Fund.

At DoorDash's current share price, SoftBank's gains are more than 16x the initial investment.

“DoorDash is an example of what a successful IPO can look like and people are buying SoftBank on the expectation that profit will continue to grow. Investors are once again recognizing Son’s skill as an investor”, said Makoto Kikuchi, chief investment officer at Myojo Asset Management Co..
A DoorDash food delivery rider.

As of October 2020, DoorDash had over 50% share of the food delivery market, surpassing UberEats, GrubHub, and Postmates.

DoorDash's revenue for Q3 (ending in September) reached US$879 million, up by more than 3X since a similar period last year.

- From our Sponsors -

Latest Jobs

Senior Software Engineer, Song Quiz

Volley

California,

Full Time

Salary Undisclosed

Director, Service Operations

Curri

California,

Full Time

USD 160000 — USD 190000 yearly

Founder's Office

CozmoX AI

California,

Full Time

USD 50000 — USD 100000 yearly

Launch Operations Specialist

RealRoots

California,

Contract

USD 80000 — USD 90000 yearly

Solutions & Sales Operations

Zensors

California,

Full Time

Salary Undisclosed

Account Executive (US)

Kombo

New York,

Full Time

USD 200000 — USD 220000 yearly

Product Strategist

Corgi

California,

Full Time

USD 100000 — USD 180000 yearly

Member of Technical Staff – Backend Engineering

Activeloop

California,

Full Time

USD 150000 — USD 250000 yearly

Customer Success Manager

Tank Payments

Texas,

Full Time

USD 75000 — USD 110000 yearly

Software Engineer (Data)

Numeral

Full Time

USD 160000 — USD 210000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).