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DoorDash Taps Banks for $400 Million Ahead of an IPO

  • JPMorgan leads potential financing, people with knowledge say
  • DoorDash competes with likes of GrubHub, Uber on food delivery
Tony Xu
Tony XuPhotographer: David Paul Morris/Bloomberg
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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.