Toast, Inc (TOST) Files For up to $100M IPO

Toast, Inc (NYSE: TOST) files for up to $100,000,000 IPO.

The company describes itself as: "Toast is a cloud-based, end-to-end technology platform purpose-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."

Goldman Sachs & Co. LLC, Morgan Stanley and J.P. Morgan serve as lead underwriters.

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