Toast, Inc.
General Information | |
Business: | Our mission is to empower the restaurant community to delight their guests, do what they love, and thrive. Toast is a cloud-based end-to-end technology platform built for the entire restaurant community. Our platform provides a comprehensive suite of software as a service, or SaaS, products, financial technology solutions, including integrated payment processing, restaurant-grade hardware and a broad ecosystem of third-party partners. We serve as the restaurant operating system, connecting front of house and back of house operations across dine-in, takeout and delivery channels. As of June 30, 2021, approximately 48,000 restaurant locations across approximately 29,000 customers, processing over $38 billion of gross payment volume in the trailing 12 months, partnered with Toast to optimize operations, increase sales, engage guests and maintain happy employees. (Note: Toast priced its IPO on Sept. 21, 2021, at $40 – $4 above the top of its $34-to-$36 range – on 21.7 million shares. The IPO’s price range initially was $30 to $33 on the same number of shares.)
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Industry: | SERVICES - PREPACKAGED SOFTWARE |
Employees: | 2200 |
Founded: | 2011 |
Contact Information | |
Address | 401 Park Drive, Suite 801 Boston, MA 02215 |
Phone Number | (617) 297-1005 |
Web Address | http://www.toasttab.com/ |
View Prospectus: | Toast, Inc. |
Financial Information | |
Market Cap | $17476.6mil |
Revenues | $1183.13 mil (last 12 months) |
Net Income | $-358.31 mil (last 12 months) |
IPO Profile | |
Symbol | TOST |
Exchange | NYSE |
Shares (millions): | 21.7 |
Price range | $40.00 - $40.00 |
Est. $ Volume | $869.6 mil |
Manager / Joint Managers | Goldman Sachs/ Morgan Stanley/ J.P. Morgan/ KeyBanc Capital Markets/ William Blair/ Piper Sandler |
CO-Managers | Canaccord Genuity/ Needham & Co./ R. Seelaus & Co. |
Expected To Trade: | 9/22/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |