DoorDash expects to raise up to $ 3.14 billion during the IPO

Food delivery startup DoorDash said on Friday that it expects to raise up to $ 3.14 billion in an initial public offering (IPO) in the United States after an increase in the price range, signaling strong investor interest.

DoorDash, the largest third-party restaurant delivery company in the United States, plans to sell 33 million shares at prices ranging from $ 90 to $ 95 each, according to the regulation. Previously, the company focused on a price range of $ 75 to $ 85 per share.

Founded in 2013, DoorDash has investors from SoftBank’s Vision Fund, Sequoia Capital and a Singapore-based sovereign wealth fund.

Its market capitalization will be around $ 30 billion.

DoorDash, based in San Francisco, plans to list its shares on the New York Stock Exchange this month under the ticker “DASH”. In February, the company filed for a confidential IPO.

Goldman Sachs and JP Morgan are the main coordinators of the proposal.

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