{"id":343194,"date":"2021-09-22T20:56:15","date_gmt":"2021-09-22T17:56:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/toast-valued-at-over-32-billion-in-market-debut\/"},"modified":"2021-09-22T20:56:15","modified_gmt":"2021-09-22T17:56:15","slug":"toast-valued-at-over-32-billion-in-market-debut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/toast-valued-at-over-32-billion-in-market-debut\/","title":{"rendered":"#Toast valued at over $32 billion in market debut"},"content":{"rendered":"<p>&#8220;<strong>#Toast valued at over $32 billion in market debut<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Shares of\u00a0Toast\u00a0Inc jumped more than 63 percent in their New York Stock Exchange debut on Wednesday, valuing the\u00a0restaurant\u00a0software provider at nearly $32.6 billion.<\/p>\n<p>The stock opened at $65.26, compared with its initial public offering price of $40 per share.<\/p>\n<p>The Boston-based company, which makes software to help\u00a0restaurants with online and in-store orders, sold 21.7 million shares in its IPO, raising about $869.6 million. Its IPO was priced above an earlier targeted price range of $34 to $36 per share.<\/p>\n<p>Toast\u2019s listing comes at a time when demand for online food delivery has skyrocketed due to COVID-19 lockdowns, with homebound customers ordering more through DoorDash, Uber Eats, Grubhub and other services.<\/p>\n<p>The 10-year old company builds software that helps\u00a0restaurants manage online orders, operate an on-demand delivery network and integrate payments.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/toast-shares-price-jump-ipo2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Orange banners display the Toast logo and tag line on the exterior of the New York Stock Exchange\" class=\"wp-image-19542223\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/toast-shares-price-jump-ipo2.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/toast-shares-price-jump-ipo2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/toast-shares-price-jump-ipo2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Toast makes software to help restaurants with online and in-store orders.<\/figcaption><figcaption><span class=\"credit\">Richard B. Levine\/Levine Roberts via ZUMA Press<\/span><\/figcaption><\/figure>\n<\/div>\n<p>Goldman Sachs, Morgan Stanley and J.P. Morgan were the lead underwriters for\u00a0Toast\u2019s IPO.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/09\/22\/toast-valued-at-over-32-billion-in-market-debut\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Toast valued at over $32 billion in market debut&#8221; Shares of\u00a0Toast\u00a0Inc jumped more than 63 percent in their New York Stock Exchange debut on Wednesday, valuing the\u00a0restaurant\u00a0software provider at nearly $32.6 billion. The stock opened at $65.26, compared with its initial public offering price of $40 per share. The Boston-based company, which makes software to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":343195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/toast-shares-price-jump-ipo2.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[116359,1545,74797,5007,89086,22512],"class_list":["post-343194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-22-21","tag-coronavirus","tag-food-delivery","tag-ipo","tag-online","tag-restaurants"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=343194"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/343194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/343195"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=343194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=343194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=343194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}