Delivery service Postmates files for IPO with $1.85 billion valuation


On-demand delivery service pioneer Postmates has filed to go public, kicking off a stream of such offerings in what's expected to be a blockbuster IPO year.

The San Francisco-based company has confidentially submitted its IPO filing to the U.S. Securities and Exchange Commission, according to Bloomberg. Postmates is expected to be valued at $1.85 billion – a valuation it received last month after raising another $100 million.

Postmates is reportedly working with JPMorgan Chase & Co. (NYSE:…

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