Deals
DoorDash Boosts IPO Fundraising Target to $3.1 Billion
- Company raises share price range to $90 to $95 apiece
- Startup is part of a wave of tech IPOs planned this month
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DoorDash Inc. said it’s seeking to raise as much as $3.1 billion in its initial public offering next month after a surge in investor demand let the biggest U.S. food delivery company boost the price range for its shares.
The San Francisco-based company is marketing 33 million shares at $90 to $95 apiece, it said in a filing on Friday. DoorDash was initially targeting as much as $2.8 billion, with a price range of $75 to $85 per share.