Nov. 13 (UPI) — Meals supply firm DoorDash filed regulatory paperwork on Friday for its preliminary public providing, which is predicted to occur earlier than the top of the 12 months.
The submitting reported $1.9 billion in income via the primary three quarters of 2020 and a web lack of $149 million.
DoorDash stated it is seen a big improve in income and orders because the begin of the COVID-19 pandemic, as extra persons are staying residence voluntarily or underneath authorities restrictions.
Since its founding in 2013, DoorDash has commonly expanded app options and companies and adjusted pricing.
Throughout the summer season, DoorDash was valued at about $16 billion.
The meals supply firm says it contracts with greater than one million drivers and has greater than 18 million customers. Opponents Uber and GrubHub, which each lag behind DoorDash in market share, are already publicly traded corporations.