DoorDash is preparing to go public and has taken another step by filing its S-1.
DoorDash's S-1 says, "We have three classes of authorized common stock, Class A common stock, Class B common stock, and Class C common stock. The rights of the holders of Class A common stock, Class B common stock, and Class C common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share. Each share of Class B common stock is entitled to 20 votes per share and is convertible at any time into one share of Class A common stock. Shares of Class C common stock have no voting rights, except as otherwise required by law..."
So, what does Jim Cramer think about DoorDash's S-1? Find out in the video above.