Leading food delivery app DoorDash is looking to raise up to $2.8 billion in its IPO, giving it a valuation of up to $32 billion on a fully diluted basis, the company revealed in a new filing Monday. Its last private valuation was $16 billion as of June.
DoorDash plans to list 33 million shares at a price between $75 and $85 per share.
The company will list its shares on the New York Stock Exchange under the symbol DASH. DoorDash released its first filing to go public with the Securities and Exchange Commission about two weeks ago.