Doordash, the leading U.S. meal delivery app, submitted its initial public offering (IPO) prospectus to the U.S. Securities and Exchange Commission on Friday, according to reports. The company will be listed on the New York Stock Exchange under the stock code dash. Doordash is a competitor to Uber eats and grubhub. Earlier this year, demand for food distribution services surged during the epidemic blockade. In the same period of the year, it was reported that the IPO revenue was more than $2.9 billion in the same period of the previous year. In the second quarter of 2020, the company reported a profit of $23 million for the first time in its history. As revenue grew, doordash’s net loss for the same period in 2020 narrowed to $149 million. In 2019, doordash has a net loss of $533 million over a nine month period. < / P > < p > the company says it has 1 million couriers and more than 18 million customers. As of September 30, dashpass’s $9.99 monthly service has attracted more than 5 million users. Some restaurants in the project can deliver goods to customers free of charge. < / P > < p > doordash will offer three different voting rights. Class a common shares give shareholders one vote per share. Class B shares have 20 votes per share and class C shares have no voting rights. < / P > < p > offering multiple stocks has become a common practice in Silicon Valley, especially when the CEO is also the founder of a company (as is the case with Tony Xu, founder of doordash). Xu and two other co founders, Andy Fang and Stanley Tang, are expected to sign a voting agreement that will give Xu the right to “direct voting and voting” on the B shares held by the co founders, the prospectus said. < / P > < p > doordash is now one of the most anticipated IPOs in 2020. Airbnb, roblox and wish are all expected to go public by the end of the year, although the new outbreak has frustrated many companies’ plans, according to media reports on Thursday. < / P > < p > doordash will become the latest listed casual economy company. In recent years, this business model has raised questions about workers’ rights, because odd jobs companies often allow workers to take over without becoming full-time employees. < / P > < p > doordash currently has about $1.6 billion in cash and $300 million in credit facilities, which will increase to $400 million after the IPO. In the past year, Softbank backed doordash has significantly reduced cash consumption. Net loss for the first nine months of 2020 narrowed to $149 million from $533 million in the same period a year earlier. However, doordash warned that its current growth rate driven by the blockade may not be sustainable and that “the growth rate of revenue and total orders will decline in the future.”. The iPhone 12 keynote has been recorded in Apple park