Update on public offerings (IPO's)

So far in 2020, companies have raised more than $320 billion through initial public offerings (IPOs). If we compare this figure with respect to 2019 the figure is 64% higher, considering that 195 billion had been raised.

The year is not over yet and two companies with a lot of appeal are ready to start their journey in the equity market, we are talking about Airbnb and DoorDash. If you are interested in being part of these operations, do not hesitate to contact your investment advisor.

DoorDash

DoorDash is a California-based company that provides logistics and delivery services for local and national business orders in more than 4,000 cities and all 50 states in the United States, Canada and Australia. The company serves more than 18 million consumers, 390,000 merchants and has more than 1 million delivery people known as Dashers.

In the S-1 report filed with the Securities and Exchange Commission revealed for its IPO the company revealed faster growth and stronger financial performance than investors expected. According to this report the company has a 50% market share in the US compared to Uber Eats' 26%, Grubhub's 16% and Post- mates' 7%.

The company will be listed on the New York Stock Exchange under the symbol DASH. The banks leading the underwriting of the deal are Goldman Sachs and J.P. Morgan.