DoorDash, Inc. (NYSE: DASH) has made a strategic decision to change its stock exchange listing from the New York Stock Exchange to the Nasdaq Stock Market (“Nasdaq”). This transition is slated to take effect on September 27, 2023, with DoorDash continuing to trade under its familiar symbol, “DASH.”
Ravi Inukonda, Chief Financial Officer at DoorDash, expressed enthusiasm about this transition, emphasizing the exciting potential it holds for both DoorDash and Nasdaq. He stated, “We are delighted to join a community of leading technology companies with our transfer to Nasdaq. We look forward to this new and exciting opportunity for partnership between the Nasdaq and DoorDash brands.”
This move signifies a significant milestone for DoorDash, which has played a pivotal role in transforming how businesses expand their reach and connect with consumers across more than 25 countries globally. By joining the Nasdaq family, DoorDash gains access to one of the most liquid and dynamic equity markets in the United States, opening up new avenues for innovation in the realm of local commerce.
Nelson Griggs, President of Capital Access Platforms at Nasdaq, shared his enthusiasm for welcoming DoorDash to Nasdaq. He noted, “For over a decade, DoorDash has built products and services to help businesses grow and reach more consumers in over 25 countries around the world. The company’s listing on Nasdaq will provide them access to the deepest pool of liquidity in the U.S. equity market and provides additional opportunities to further their work in innovating local commerce. We are thrilled to welcome DoorDash to the Nasdaq family.”
This strategic move underlines DoorDash’s commitment to fostering innovation and growth within the tech industry. It positions the company to leverage Nasdaq’s extensive resources and network to continue shaping the future of local commerce and making a positive impact on businesses and consumers alike.
DoorDash’s decision to transfer its stock exchange listing to Nasdaq reflects the company’s forward-looking approach and its dedication to staying at the forefront of the technology and food delivery sectors. As DoorDash embarks on this new chapter, it will be exciting to witness the developments and innovations that emerge from this strategic partnership with Nasdaq.