** DoorDash's DASH.O shares down 0.1% premarket at $205.85 as meal delivery platform seeks capital raise
** San Francisco, California-based firm announces private offering of $2 bln 5-yr convertible bonds
** It plans to use net proceeds for general purposes, including potential acquisitions and share repurchases
** Co says also intends to use portion of proceeds to fund cost of hedge transactions to offset share dilution until at least a targeted 125% premium to the current stock price
** Earlier this month, DoorDash said it will buy British rival Deliveroo ROO.L in deal valued at $3.9 bln, and would buy software firm SevenRooms for ~$1.2 bln
** DoorDash has ~$87.4 bln market cap, per LSEG data
** DASH shares on Fri closed up 2.6% at $206.15, up 23% YTD
** Of 41 analysts covering DASH, recommendation breakdown is 29 "strong buy" or "buy", rest "hold" and median PT is $223.50, latest LSEG data shows
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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