Wow. The IPO love continues. Food delivery giant DoorDash now plans to raise as much as about $3.1 billion from its upcoming IPO, a boost from the $2.8 billion it was previously seeking. On Friday, the San Francisco-based business said it planned to sell about 33 million shares priced somewhere between $90 to $95, up from the $75 to $85 range it initially sought.

Valued at $16 billion in its last private round of funding, the business could be minted with a $30.2 billion price tag based on the high end of the new range or as much as $35.7 billion on a fully diluted basis.

At that high end of the range, SoftBank Vision Fund’s stake would be worth nearly $6 billion, while Sequoia Capital’s holding would be worth about $4.9 billion.

Demand for DoorDash’s services has soared amid the pandemic, with the company managing to maintain its lead as the top meal-delivery company in the U.S. by sales and even grow its own market share. The Wall Street Journal has a good story breaking down why DoorDash has been able to dominate when so many other businesses are fighting to send food to you and me: In short, it got a lot of funding and focused on areas its competitors had eschewed. And while other SoftBank-backed companies burned through their capital irresponsibly, DoorDash was able to harness the millions from the Japanese business and outmaneuver its competitors.

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But DoorDash, even now, still faces questions about whether the food-delivery market actually can provide the high profits investors seek—and how much of the pandemic boost it can maintain.