DoorDash plans for IPO in Q4 as demand stays strong

DoorDash (DASH) is planning to go public in November or December, according to Bloomberg.

Sources says the company will fire off an IPO after deciding against a direct listing to raise capital.

A $400M funding round in June valued DoorDash at almost $16B.

DoorDash's competitors include Grubhub (NYSE:GRUB) and Uber Eats (NYSE:UBER), as well as grocery delivery specialists like Instacart (ICART), Amazon Fresh (NASDAQ:AMZN), Shipt, FreshDirect, Peapod and Walmart (NYSE:WMT).