Why DoorDash Was The Hottest IPO Of The Year ...Middle East

With the pandemic shuttering thousands of businesses in 2020, the food industry rolled back the clock, turning to a trend made popular in the 1960s to save it. It may be the most revolutionary change in the food business in decades, creating an unprecedented boom in this projected $154 billion industry. And it led to one of the biggest IPOs of the year, with DoorDash coming to market in a $71.3 billion IPO. Since strict limits have been placed on indoor dining, restaurants are seeing nearly a 50% drop in customers dining in this year. In 2020 alone,…

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