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DoorDash IPO values company at $60B

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DoorDash's initial public offering on Wednesday gave the ride-hailing company a $60.2 billion market valuation.

The company priced its shares at $102 apiece. However, the stock began trading at $182 per share.

During the first nine months of the year, the company's revenue was up to $1.9 billion from $587 million during the same time period in 2019.

Read more from CNBC.

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