GIC Private Ltd Amends DoorDash Stake, Maintains Passive Investment
Ticker: DASH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1792789
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**GIC Private Ltd still owns DoorDash stock, showing continued institutional confidence.**
AI Summary
GIC Private Ltd, a Singaporean sovereign wealth fund, filed an amended Schedule 13G/A on February 9, 2024, indicating its ownership of DoorDash, Inc. Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows GIC's continued significant, though passive, investment in DoorDash. For investors, this matters because it signals that a major institutional investor maintains confidence in DoorDash's long-term prospects, even if their stake has slightly changed, which can influence market perception and stability.
Why It Matters
This filing confirms GIC Private Ltd, a large sovereign wealth fund, continues to hold a significant stake in DoorDash, Inc., signaling their ongoing belief in the company's value. This can reassure investors about DoorDash's stability and future outlook.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
Smart investors should view this as a routine update confirming continued institutional interest, rather than a signal for immediate buying or selling. It reinforces DoorDash's standing with major investors.
Key Numbers
- 25809K105 — CUSIP Number (identifies DoorDash, Inc. Class A Common Stock)
- 0001792789 — DoorDash, Inc. CIK (Central Index Key for DoorDash, Inc.)
- 0000936828 — GIC Private Ltd CIK (Central Index Key for GIC Private Ltd)
Key Players & Entities
- GIC Private Ltd (company) — the reporting person and a major institutional investor
- DoorDash, Inc. (company) — the subject company whose securities are being reported
- GIC SPECIAL INVESTMENTS PRIVATE LTD (company) — a group member of the reporting entity
- GREENVIEW INVESTMENT PTE LTD (company) — a group member of the reporting entity
- December 31, 2023 (date) — the date of the event requiring the filing
- February 9, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- GIC Private Ltd will maintain its passive investment strategy in DoorDash, Inc. (GIC Private Ltd) — high confidence, target: Next 12 months
- DoorDash's stock price will not experience significant volatility directly due to this routine filing. (DoorDash, Inc.) — high confidence, target: Next 30 days
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is DoorDash, Inc., as stated on the cover page of the Schedule 13G.
What is the 'Title of Class of Securities' being reported?
The 'Title of Class of Securities' is Class A Common Stock, par value $0.00001 per share, issued by DoorDash, Inc.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on the cover page.
Which rule under the Securities Exchange Act of 1934 is designated for this filing?
The filing designates Rule 13d-1(d) by checking the appropriate box on the cover page.
Filing Stats: 1,189 words · 5 min read · ~4 pages · Grade level 10.3 · Accepted 2024-02-09 16:07:41
Key Financial Figures
- $0.00001 — suer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securiti
Filing Documents
- d770021dsc13ga.htm (SC 13G/A) — 63KB
- 0001193125-24-029947.txt ( ) — 65KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as dated. GIC PRIVATE LIMITED By: /s/ Diane Liang Weishan Name: Diane Liang Weishan Title: Senior Vice President Date: February 5, 2024 By: /s/ Toh Tze Meng Name: Toh Tze Meng Title: Senior Vice President Date: February 5, 2024 GIC SPECIAL INVESTMENTS PRIVATE LIMITED By: /s/ Jo-Ann Khor Huey Ming Name: Jo-Ann Khor Huey Ming Title: Authorized Signatory Date: February 6, 2024 GREENVIEW INVESTMENT PTE. LTD. By: /s/ Wong Weihan Name: Wong Weihan Title: Director Date: February 8, 2024 LIST OF EXHIBITS Exhibit Description A Joint Filing Agreement, dated February 12, 2021, entered into by GIC Private Ltd, GIC Special Investments Pte Ltd and Greenview Investment Pte Ltd (incorporated by reference to Exhibit A to the Schedule 13G filed by those persons on February 12, 2021 (SEC File No. 005-92183)).