Which food delivery company went public in 2020?

The food delivery company that went public in 2020 was DoorDash. DoorDash completed its initial public offering on December 9, 2020, with its Class A shares listed on the New York Stock Exchange under DASH.

DoorDash was founded in 2013 by Tony Xu, Stanley Tang, Andy Fang, and Evan Moore. It began as a local delivery service in Palo Alto, California, and expanded by connecting customers, restaurants, and delivery couriers through its marketplace. Its business grew sharply in 2020 as pandemic restrictions drove more people to order restaurant meals for delivery.

The company priced its IPO at $102 per share and raised roughly $3.37 billion. Shares opened at $182, far above the offering price, reflecting intense investor enthusiasm for digital commerce and delivery services. DoorDash’s public debut also brought renewed attention to the economics of gig-based delivery and the company’s continuing losses.

Postmates is a common mix-up: it was a major delivery rival but did not complete its own IPO. Uber Eats is a service within Uber, while Grubhub became public earlier, in 2014.