NEW YORK: SoftBank Group Corp sold 11.4 million shares of food delivery company DoorDash, marketed via Goldman Sachs Group, a source familiar with the matter said on Thursday.
They were priced at around US$182.95 each, a Bloomberg report said, valuing the sale at around US$2.2 billion. Shares of DoorDash were last down around 5.3 per cent.
The share sale comes a week after DoorDash, in its quarterly earnings report, predicted a seasonal decline in order rates and new customer addition in the current quarter.
The company had reported a bigger loss in the second quarter than expected as it spent heavily to expand internationally and into a crowded market for grocery during the pandemic.