Toast lays groundwork for possible public listing
February 23, 2021- Share:
Toast, a provider of restaurant management software, has plans to file for a public debut that could value the company at about $20 billion, The Wall Street Journal reported. Toast has reached out to banks to underwrite a potential listing for sometime in 2021, but it could also pursue a sale or a merger with a SPAC, the report said. The company was valued at $4.9 billion in February 2020 after it raised a $400 million Series F. Its investors include Bessemer Venture Partners, Tiger Global and G Squared.
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