Food delivery business DoorDash Inc. is aiming to go ahead with an initial public offering in the fourth quarter, according to people familiar with the matter.
The company is taking steps to go public in November or December, said the people, who asked not to be identified because the information was private. DoorDash, which had earlier considered going public through a direct listing, has decided to instead pursue a traditional IPO in which it would issue new shares to raise capital, the people said.
