(Paul Chinn/The San Francisco Chronicle via Getty Images) Hearst Newspapers via Getty ImagesFood delivery service, DoorDash, is planning a $25 billion IPO in December. DoorDash IPO PlanDoorDash plans to go public in December and its market capitalization could top $25 billion, according to the Wall Street Journal. For the three months ended in June, DoorDash’s revenue hit $675 million and it earned a $23 million profit. DoorDash lost $43 million in the September 2020-ending quarter while revenue soared 267% to $879 million, according to its IPO prospectus. Unless it can lower analysts’ growth expectations, DoorDash IPO investors could be left holding a rotting bag.

Source: Forbes November 14, 2020 13:48 UTC