Toast, Inc.

Toast, Inc. (TOST) priced its initial public offering on Sep 22, 2021 at $40.00 per share, raising $869.6M, and listed on NYSE. At the IPO price its market capitalization was about $19.97B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, J.P. Morgan and KeyBanc and others.

Toast, Inc. runs a cloud-based technology platform built for restaurants. It combines software-as-a-service products, financial technology including integrated payment processing, restaurant-grade hardware and third-party partners, connecting front-of-house and back-of-house operations across dine-in, takeout and delivery.

Status

IPO

Ticker

TOST

Exchange

NYSE

Priced

Sep 22, 2021

IPO price

$40.00

Raised

$869.6M

Market cap at IPO price

$19.97B

First filed

Aug 27, 2021

Underwriters

Goldman Sachs, Morgan Stanley, J.P. Morgan, KeyBanc, William Blair, Piper Sandler, Canaccord Genuity, Needham and R. Seelaus

Sector

Technology

Country / state

MA

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