The IPO price will give the GV-backed restaurant management software provider a market capitalisation of about $20bn at the time of its $870m flotation.
US-based restaurant organisation technology provider Toast is floating on the New York Stock Exchange today in an $870m initial public offering representing an exit for internet and technology group Alphabet.
The offering consists of just over 21.7 million shares priced at $40.00 each, above a $34 to $36 range upgraded from $30 to $33 by the company on Monday. The IPO price gives it a valuation of about $20bn.
Toast has built a software platform which combines point-of-sale technology with…
