Toast’s restaurant technology
Toast is gearing up for an initial public offering next week that could value the restaurant-tech company at more than $16 billion. That’s about double its valuation from a secondary share sale last November.
The company has taken a very uneven path to the New York Stock Exchange.
Prior to the Covid-19 pandemic, Toast was thriving by selling technology to restaurants that helped them combine their payment systems with things like inventory management and multilocation controls for eateries with more than one site. Investors valued the company at $5 billion in February 2020.
Two months later,