DoorDash co-founder and CEO Tony Xu. Photo by Kimberly White/Getty Images for TechCrunch, under CC BY 2.0 license

DoorDash, the food delivery company long rumored to be aiming for a soon public listing, is looking to do so by late this year, according to a report [paywall] from Bloomberg. According to Bloomberg, DoorDash is eyeing a traditional public listing in November or December, contrary to previous reports of the San Francisco-based company aiming for a direct listing. Already, DoorDash is heavily funded but seems to be looking to raise more money on the public markets.

DoorDash’s most recent financing round valued the company at $16 billion. Altogether, the company has raised $2.5 billion in equity funding. Among its backers include notable names such as DST Global, Coatue Management, T. Rowe Price, Temasek Holdings, and the Dragoneer Investment Group.

DoorDash may possibly be eyeing a higher valuation than the $16 billion gotten from its most recent financing round when it debuts on the public markets.