Food delivery startup DoorDash eyes $27b valuation in much-awaited IPO

Food delivery startup DoorDash eyes $27b valuation in much-awaited IPO

Visual from DoorDash website

Food delivery startup DoorDash Inc is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.

The SoftBank-backed firm plans to sell 33 million shares priced between $75 and $85 apiece, it said in a regulatory filing on Monday, as it takes advantage of a boom in stock markets powered largely by technology-focused companies.

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