(Reuters) -Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63%, underscoring a deep investor
The stock offering comes 16 months after Toast laid off half its employees.

IPO Report: Toast stock pops 60% in IPO debut

11:55am, Wednesday, 22'nd Sep 2021
Toast Inc. shares popped 63% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.
Toast raised close to $870 million in its IPO Tuesday night, selling shares at $40 each, well above the expected range.
Toast is launching its IPO this week. The restaurant industry is being disrupted by innovation and digital transformation.
The TOST stock IPO is coming today, continuing a long string of hyped IPOs. The restaurant tech provider will be listing on the NYSE.
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