Toast is planning an initial public offering that could value the restaurant-software provider at around $20b. In going public, Toast, a 10-year-old company whose valuation has leapt several fold in the past year, would join a red-hot IPO market fueled lately by the high-profile debuts of companies including Affirm and Bumble.
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Restaurant-software provider Toast prepares for IPO
The Boston company was valued at around $4.9 billion in a $400 million fundraising round roughly a year ago that included Bessemer Venture Partners, TPG, Greenoaks Capital and Tiger Global Management LLC.
