IPO Toast

Toast Inc. developed a cloud-based platform for restaurants used by more than 48,000 locations. Medium risk. Expected return — up to 80% per year.

Its suite of SaaS products help take orders, process payments, manage staff, and track delivery. In addition, it offers loans in a fast and flexible manner through Toast Capital.

Toast’s customer base had a 140% increase over 2019. In the six months ended June 30, 2021, its revenue increased 105% to $704 million and is expected to hit $1.4 billion by the end of 2021.

Many restaurants still employ manual processes for critical tasks such as placing guest orders, coordinating kitchen operations, and managing employees. The spend on technology is expected to increase to $55 billion by 2024, closing the gap with other industries. Toast could be the beneficiary of a significant portion of these funds.

The company raised $902 million in seven investment rounds from investors including Bessemer Venture Partners, TPG, Tiger Global Management, and Greenoaks Capital. Toast plans to sell 25 million shares in the offering, priced between $30 and $33 per share. Its value at IPO will approximate around $16.5 billion. We expect that the company’s price in the public market can reach $20-22 billion.

You can apply for this investment today until 19:00 UTC+3.