Restaurant-Payments Firm Toast Seeks Up to $717 Million in IPO
Photographer: David Paul Morris/Bloomberg
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Toast Inc., which helps restaurants handle payments, is seeking as much as $717 million in a U.S. initial public offering.
The Boston-based company plans to sell 21.7 million Class A shares at $30 to $33 apiece, it said in a regulatory filing Monday. The deal could value Toast at as much as $16.5 billion based on the number of outstanding shares listed in the prospectus.