fbpx

SoftBank sells 11.4 million shares of DoorDash


© Reuters. FILE PHOTO: FILE PHOTO: A DoorDash sign is pictured on a restaurant in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri

(Reuters) – SoftBank Group Corp sold 11.4 million shares of food delivery company DoorDash Inc, marketed via Goldman Sachs Group Inc (NYSE:), a source familiar with the matter said on Thursday.

They were priced at around $182.95 each, a Bloomberg report https://www.bloomberg.com/news/articles/2021-08-19/doordash-block-worth-2-2-billion-is-said-offered-by-softbank-ksizv6i1?sref=WJKVI5nK said, valuing the sale at around $2.2 billion. Shares of DoorDash were last down around 5.3%.

The share sale comes a week after DoorDash, in its quarterly earnings report, predicted a seasonal decline in order rates and new customer addition in the current quarter.

The company had reported a bigger loss in the second quarter than expected as it spent heavily to expand internationally and into a crowded market for grocery during the pandemic.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Leave a Reply

Your email address will not be published.

^N225 
$29,222.77  $353.86  1.23%  
SGHIF 
$1.43  $0.022  1.56%  
^HSIL 
$23.72  $0.59  2.43%  
SZNTF 
$0.2006  $0.0000  0.00%  
KOSPI.KS 
$2,516.47  $17.05  0.67%  
AUS.NZ 
$3.09  $0.013  0.42%  
^NSEI 
₹ 17,933.30  ₹ 108.05  0.61%  
FCNBCA.FGI 
$8,207.67  $35.68  0.43%  
EURUSD=X 
$1.02  $0.0007  0.07%  
GBPUSD=X 
$1.21  $0.001  0.08%  
JPY=X 
$134.47  $0.259  0.19%  
^GSPC 
$4,305.20  $8.06  0.19%  
NDAQ 
$191.59  $0.36  0.19%  
^DJI 
$34,152.01  $239.61  0.71%