How these investors view DoorDash's IPO and the IPO rush
CNBC's Kelly Evans discusses markets, including the surge in trading for DoorDash as it debuts for the first time, with Michael Yoshikami of Destination Wealth Management and Chris Zaccarelli of Independent Advisor Alliance. The DoorDash IPO was priced at $102 because that was the maximum price that investors likely would pay on a fundamental basis, says Yoshikami. Now the stock is priced at $175, $180, $185, so we really have a lot of speculation. I think retail investors are making a huge move in this stock, he adds.
Wed, Dec 9 20202:17 PM EST