The PayPal-backed provider of restaurant order management software, has added $67.5m to the $450m it raised in its initial public offering last week.

Olo, the US-headquartered restaurant ordering software provider backed by digital payment processor PayPal, closed its initial public offering at approximately $518m on Friday.

The company raised an initial $450m when it floated on Wednesday, issuing 18 million shares on the New York Stock Exchange priced at $25.00 each. They closed at $30.99 on Friday, after the IPO’s underwriters took up the option to buy a further 2.7 million shares.

Founded in 2005, Olo provides software that powers online…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn