https://www.vice.com/en_us/article/7k94zg/doordash-stock-price-skyrockets-despite-having-never-made-a-profit > Ahead of its initial public offering, DoorDash priced its shares at $102, only for the stock to open nearly 80 percent higher at $182 per share on Wednesday.  > This is only the latest in a series of share price adjustments and valuation jumps stretching back to June. In June, the company was privately valued at $16 billion thanks to an acceleration in food-delivery demand thanks to COVID-19 lockdown orders. By the spring of this year, DoorDash was safely the largest food-delivery service in the country, larger than UberEats and GrubHub combined.