Olo Inc.

Olo Inc. (OLO) priced its initial public offering on Mar 18, 2021 at $25.00 per share, above its $20.00–$22.00 range, raising $450M, and listed on NYSE. At the IPO price its market capitalization was about $3.55B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, RBC Capital Markets and Piper Sandler and others. Cooley advised the company and Goodwin Procter advised the underwriters.

Olo Inc. provides a cloud-based, on-demand commerce platform for multi-location restaurant brands, enabling digital ordering and delivery. Its open software-as-a-service platform and APIs integrate with other restaurant technologies to help restaurants manage digital businesses and strengthen direct relationships with consumers.

Status

IPO

Ticker

OLO

Exchange

NYSE

Priced

Mar 18, 2021

IPO price

$25.00

Price range

$20.00–$22.00

Raised

$450M

Market cap at IPO price

$3.55B

First filed

Feb 19, 2021

Underwriters

Goldman Sachs, J.P. Morgan, RBC Capital Markets, Piper Sandler, Stifel, Truist and William Blair

Company counsel

Cooley

Underwriters' counsel

Goodwin Procter

Sector

Business services

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.