- Food delivery company DoorDash and AI software company C3.ai rocketed out of the IPO gates today with opening trades up 78% and 138% from the pricing, respectively.
- Earlier this year, SoftBank (OTCPK:SFTBF,OTCPK:SFTBY) had to take write-offs on its investments in WeWork and Uber, which led to record annual operating losses. But the tech giant's Vision Fund turned its $680M DoorDash investment into $11.5B at today's open.
- Last week, C3 disclosed that longtime partner Microsoft (NASDAQ:MSFT) would pick up $50M worth of shares in the offering. Microsoft ended up with about 1.19M shares and previously agreed to not dispose of the shares for at least a year.
- Previously: AI software company C3.ai stock opens 138% above its IPO price (Dec. 09 2020)
- Previously: DoorDash IPO debuts at $182 per share, up 78% from IPO price (Dec. 09 2020)
SoftBank, Microsoft investments pay off after stellar DoorDash, C3.ai IPOs
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