Postmates said in February 2019 that it had filed to go public, but it shied away from an initial public offering several times.
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Postmates Stock |
Postmates is an online delivery platform that connects customers with local couriers who can deliver anything from any store or restaurant. The company is headquartered in San Francisco, CA and was founded in 2011 by Sam Street, Sean Plaice, and Bastian Lehmann. Postmates provides merchants the ability to join the platform as partners, which provides them with the benefit of greater exposure through the application, while Postmates benefits from increased order volume. As of December 2018, Postmates is available in 550 cities throughout the United States with one international presence in Mexico City and has over 25,000 merchant partners, contributing to 3 million monthly deliveries.
Postmates said in February 2019 that it had filed to go public, but it shied away from an initial public offering several times.
Uber CEO Dara Khosrowshahi joins "Squawk on the Street" to discuss the details behind Uber's decision to acquire food-delivery company Postmates.
Uber just added Postmates to its portfolio. But, one trader says the deal is not enough for her to get on board with the stock.
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