DoorDash, the app-based food-delivery service, is in talks with banks about arranging a credit facility of about $400 million ahead of a possible initial public offering, according to people with knowledge of the matter.
The San Francisco-based company may seek to offer shares as early as next year, said the people, who asked not to be identified because the plans aren’t public. JPMorgan Chase & Co. is leading the potential financing ahead of the IPO, the people said.
