Toast, a provider for restaurant technology, recently priced its IPO at $40 per share, to value the company at $20B. The company was previously valued at $8B in a secondary share sale in late 2020. The majority of Toast’s revenues come from their financial technology solutions, primarily fees paid by customers for payment transactions.
Toast sells shares in IPO at $40, topping range and valuing restaurant-tech company at $20 billion
