Restaurant tech firm Toast files for IPO. This comes as the firm capitalizes on the ever-changing needs of restaurants during the COVID-19 pandemic. The company sells software to help restaurants with both online and in-store orders. It reported $704 million in revenue in the first half of 2021. This is a 105% period-over-period jump.
Toast will list its stock on the New York Stock Exchange (NYSE) under the symbol "TOST." Goldman Sachs & Co. LLC, Morgan Stanley, and J.P. Morgan are lead underwriters for the offering. The company's investors include TPG, Tiger Global Management, American Express Ventures, Bessemer Venture Partners, G Squared, TCV, and Greenoaks.
Not to mention, it has gained traction as restaurants look to save on third-party commissions and build a direct relat...
