DoorDash co-founder and CEO Tony Xu Photograph by Fortune Brainstorm Tech

According to a Bloomberg report, DoorDash, fresh off acquiring Caviar for $410 million, is in discussions with banks about arranging a debt facility of about $400 million ahead of a potential IPO. Bloomberg reports DoorDash may be looking to go public as early as next year.

Securing a debt facility from Wall Street banks habitually happens before an IPO. One example is WeWork, which is said to be lining up to $6 billion in debt funding ahead of a public debut. Bloomberg reports the large credit facility is contingent on WeWork raising at least $3 billion from its IPO.

According to Bloomberg, JPMorgan Chase, an investment bank with solid ties to several large tech companies, is leading the potential debt financing for DoorDash. Such debt facility would add to $2 billion in funding already raised by the food delivery service.

DoorDash last raised funding in May, when investors put in $600 million into the company at a $12.6 billion post-money valuation.

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