Toast sets IPO terms, to be valued at up to $16.5 billion

MarketWatch2021-09-13

Toast Inc. has set the terms of its initial public offering, in which the Massachusetts-based restaurant payment processor looks to raise up to $717.4 million and be valued at up to about $16.5 billion. The company is offering 21.74 million Class A shares in the IPO, which is expected to price between $30 and $33 a share. The stock is expected to list on the NYSE under the ticker symbol "TOST." The company expects to have 21.74 million Class A shares outstanding after the offering and 477.59 million Class B shares. Goldman Sachs, Morgan Stanley and J.P. Morgan are the lead underwriters. The company recorded a net loss of $234.65 million on revenue of $703.75 million for the six months ended June 30, after a loss of $124.55 million on revenue of $343.84 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF $(IPO.UK)$ has rallied 8.3% over the past three months while the S&P 500 has gained 5.0%.

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Eddie318
2021-09-13
Eddie318
This is cool.

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The company is looking to go public at a time that the <a href=\"https://laohu8.com/S/IPO\">Renaissance IPO ETF</a> <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> has rallied 8.3% over the past three months while the S&amp;P 500 has gained 5.0%.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toast sets IPO terms, to be valued at up to $16.5 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToast sets IPO terms, to be valued at up to $16.5 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 19:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/toast-sets-ipo-terms-to-be-valued-at-up-to-165-billion-2021-09-13?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Toast Inc. has set the terms of its initial public offering, in which the Massachusetts-based restaurant payment processor looks to raise up to $717.4 million and be valued at up to about $16.5 ...</p>\n\n<a href=\"https://www.marketwatch.com/story/toast-sets-ipo-terms-to-be-valued-at-up-to-165-billion-2021-09-13?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/toast-sets-ipo-terms-to-be-valued-at-up-to-165-billion-2021-09-13?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167583529","content_text":"Toast Inc. has set the terms of its initial public offering, in which the Massachusetts-based restaurant payment processor looks to raise up to $717.4 million and be valued at up to about $16.5 billion. The company is offering 21.74 million Class A shares in the IPO, which is expected to price between $30 and $33 a share. The stock is expected to list on the NYSE under the ticker symbol \"TOST.\" The company expects to have 21.74 million Class A shares outstanding after the offering and 477.59 million Class B shares. Goldman Sachs, Morgan Stanley and J.P. Morgan are the lead underwriters. The company recorded a net loss of $234.65 million on revenue of $703.75 million for the six months ended June 30, after a loss of $124.55 million on revenue of $343.84 million in the same period a year ago. 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