DoorDash significantly ups its appetite, seeks valuation of up to $32bn in IPO

In a new filing, food delivery app DoorDash has revealed that it is looking to raise up to $2.8 billion in its IPO, which would value the company at $32 billion. DoorDash plans to list 33 million shares at a price between $75 and $85 on the New York Stock Exchange. It reported $1.9 billion in revenue for the nine months ending September 30 – up from $587 million during the same period last year.