BUZZ-DoorDash edges down after announcing $2 bln convertible debt deal

Reuters
05-27
BUZZ-DoorDash edges down after announcing $2 bln convertible debt deal

** DoorDash's DASH.O shares down 0.1% premarket at $205.85 as meal delivery platform seeks capital raise

** San Francisco, California-based firm announces private offering of $2 bln 5-yr convertible bonds

** It plans to use net proceeds for general purposes, including potential acquisitions and share repurchases

** Co says also intends to use portion of proceeds to fund cost of hedge transactions to offset share dilution until at least a targeted 125% premium to the current stock price

** Earlier this month, DoorDash said it will buy British rival Deliveroo ROO.L in deal valued at $3.9 bln, and would buy software firm SevenRooms for ~$1.2 bln

** DoorDash has ~$87.4 bln market cap, per LSEG data

** DASH shares on Fri closed up 2.6% at $206.15, up 23% YTD

** Of 41 analysts covering DASH, recommendation breakdown is 29 "strong buy" or "buy", rest "hold" and median PT is $223.50, latest LSEG data shows

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10