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DoorDash Announces Closing of Upsized $2.75 Billion Offering of 0% Convertible Senior Notes

1. DoorDash closed a $2.75 billion offering of 0% convertible senior notes. 2. The notes are due in 2030 and targeted institutional buyers.

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FAQ

Why Bullish?

Raising $2.75 billion enhances DoorDash's liquidity and future growth prospects, similar to past tech IPOs which surged post-debt issuance.

How important is it?

The significant capital raised indicates investor confidence in DoorDash's future, likely bolstering stock performance.

Why Long Term?

Funds from the notes can be strategically invested for long-term growth, leading to potential price appreciation over the next few years.

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UBERGRUBLYFT
SAN FRANCISCO--(BUSINESS WIRE)--DoorDash, Inc. (NASDAQ: DASH) (“DoorDash”), a leading local commerce platform globally, today announced the closing of its previously announced private offering of $2.75 billion aggregate principal amount of its 0% convertible senior notes due 2030 (the “notes”). The notes were sold in a private offering only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities.

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