Toast Inc.

Toast Inc.
Ticker-Symbol "TOST"

Toast makes software for restaurants that allows them to manage functions like business operations and online ordering, and the company also processes payments for restaurant customers. It sees opportunities to grow internationally and get existing customers to use more of its services.



IPO Report
Toast prices IPO at $40 a share — way above estimated range — for $20 billion valuation
Last Updated: Sept. 22, 2021 at 8:15 a.m. ET
First Published: Sept. 21, 2021 at 11:24 p.m. ET
By
Emily Bary
 
Toast expected to start trading Wednesday on New York Stock Exchange

Toast Inc. TOST, , a restaurant-focused payments company, priced its initial public offering at $40 a share late Tuesday, significantly above its expected range of $34 to $36. That had been raised from a prior $30-to-$33 range.

The company will raise $868 million, based on the 21.7 million shares it’s selling, for a valuation of about $20 billion.
Shares are set to begin trading Wednesday on the New York Stock Exchange under the ticker symbol “TOST.”.............

https://www.marketwatch.com/story/toast-...quote_news

IPO Report
Toast stock pops more than 50% in IPO debut
Last Updated: Sept. 22, 2021 at 6:18 p.m.

Restaurant-focused tech company stands to be valued at $30 billion based on recent trading

Toast Inc. shares popped as high as 63% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.

Shares of Toast TOST, 1.98% opened at $65.26, above their initial-public-offering price of $40, which itself came in above a raised expected range of $34 to $36. Toast raised $868 million through the offering and stands to be valued at $31.2 billion based on its recent trading price of $62.50. Shares ended the day up 56%, at $62.51..........


https://www.marketwatch.com/story/toast-...quote_news