TechCrunch reports that food delivery company Postmates has “confidentially filed documents with the Securities and Exchange Commission for an upcoming public offering” that would value the company at $1.85 billion.

The story says that Postmates, “which competes with several large players in the food delivery space, including Uber Eats and DoorDash,” operates in some 550 communities and is expected to post “$400 million in revenue in 2018 on food sales of $1.2 billion.”