The PayPal-backed food ordering software provider is slated to raise between $228m and $324m after setting a range for its initial public offering.
Olo, a US-based restaurant technology provider backed by digital payment processor PayPal, set the terms for an initial public offering yesterday that could raise up to $324m.
The company plans to issue 18 million shares on the New York Stock Exchange priced at $16.00 to $18.00, hypothetically raising between $288m and $324m at either end of the range.
Founded in 2005, Olo provides on-demand ordering and delivery software tailored for use by restaurants. Its customers include restaurant chains Applebee’s…
