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Postmates files for IPO with $1.85B valuation

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Delivery service Postmates filed plans to launch its initial public offering.

The San Francisco-based company is expected to be valued at $1.85 billion. That matches the valuation it gained last month after raising another $100 million.

Postmates last year fulfilled as many as 5 million deliveries per month.

Read more from the San Francisco Business Times.

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