Human cloud food delivery firm DoorDash Inc. announced Monday that it intends to raise $2.54 billion in its upcoming IPO — based on the midpoint of its projected share price of $80 — according to a filing today with the US Securities and Exchange Commission. The San Francisco-based company aims to trade on the New York Stock Exchange under the symbol “DASH.”

DoorDash ranks as the seventh-largest B2C-focused human cloud platform, according to SIA.

In its filing, DoorDash noted it has more than 1 million “Dashers,” the term it uses to describe its independent contractor delivery drivers. It has Dashers in the US, Canada and Australia.

CNBC reported the IPO could value DoorDash as high as $32 billion. Shares in the company are expected to be priced at between $75 and $85.

Co-founders Tony Xu, Andy Fang and Stanley Tang will hold approximately 69% of voting power in the company after the IPO, according to the filing.

DoorDash noted it has seen an increase in orders during the Covid-19 pandemic. It earlier reported that revenue rose 226.4% to nearly $1.92 billion in the nine months ended Sept. 30 from $587.0 million in the same period last year.

Cnet reported last week that DoorDash agreed to pay $2.5 million to settle a lawsuit over “deceptive” tipping practices.