DoorDash's food deliveries earned it a $13 billion valuation, but experts say its IPO plans amid market turmoil and a virus outbreak are a recipe for disaster Troy Wolverton 2020-02-29T12:30:00Z

Get breakfast, lunch, dinner and more delivered from your favorite restaurants right to your doorstep with one easy click. TechTv Blog - February 27, 2020. Earlier today, during an eye-popping market selloff, DoorDash announced that it has privately filed to go public. This brought the company’s value to almost $13 billion, a large increase from its 2018 value of $1.4 billion. The expectation for a more definite announcement at … The company is not profitable and was expected to lose $450 million on revenue of between $900 million and $1 billion in 2019, according to a December report from The Information. Goldman Sachs, the underwriter, and DoorDash believe that markets would recover to a stable and bullish position when they do release the IPO.

(Reuters) - DoorDash said here on Thursday it was looking to raise about $400 million from investors, valuing the food delivery company at about $16 billion ahead of its initial public offering (IPO). Postmates delayed its IPO last fall, and publicly traded Grubhub was recently exploring a sale, according to reports.

DoorDash was valued at about $13 billion after a Nov. 13 funding round that raised $700 million, according to PitchBook Data.

A successful IPO for DoorDash could offset some of SoftBank's losses from its disastrous investment in WeWork, which withdrew its IPO filing last year amid concerns about its financials and corporate governance. 98. Doordash Inc. DoorDash Inc. is an on-demand food delivery company and it …

Why DoorDash Is Going Public Now However, there is still a risk that COVID-19’s rapid spread will have more long-term effects. News that food delivery firm DoorDash has filed documents with the SEC to undertake an initial public offering (IPO) may prompt a bit of head-scratching. Food-delivery provider DoorDash Inc. has filed for an initial public offering, firing the starting gun on what could be one of the year’s marquee listings. It is also important to note that DoorDash did not have to announce their IPO as they filed it confidentially.

In its 2019 funding round, DoorDash raked in $700 million from investors. DoorDash has never released a complete picture of its financials, which will be part of the IPO process. DoorDash IPO filing is the latest move in the food delivery game DoorDash has raised more than $2.1bn over 10 rounds in seven years. SoftBank urged DoorDash to explore a merger with Uber last year, but the talks fell apart.

Food delivery service DoorDash announced Thursday it has taken a first step toward a public offering. Airbnb, DoorDash, and GitLab are among 18 unicorn companies that are set to run an initial public offering (IPO) sometime in 2020. Quick notes on the DoorDash IPO filing Earlier today, during an eye-popping market selloff, DoorDash announced that it has privately filed to go public.

DoorDash has taken the first steps toward filing for its IPO ... taken its first steps to file for its upcoming initial public offering.

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