New York 2020 pandemic New York

DoorDash looking for a valuation of nearly $30B

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www.clickorlando.com

NEW YORK – DoorDash is looking for a valuation of nearly $30 billion when it takes itself public, reflecting how integral food delivery has become in millions of people's lives during the pandemic.

The company is planning to raise up to approximately $2.8 billion from an initial public offering of 33 million shares. The offering is expected to be priced between $75 and $85 per share, according to a regulatory filing Monday.DoorDash has experienced explosive growth this year.

Last year, the company generated $885 million in revenue. During the first nine months of 2020 revenue more than doubled that to $1.9 billion.

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