Olo, which provides a SaaS platform to restaurants for online ordering and delivery, raised $450 million by offering 18 million shares at $25, well above the upwardly revised range of $20 to $22. The company had originally filed to offer the same number of shares at a range of $16 to $18. At pricing, Olo commands a fully diluted market value of $4.6 billion.
Olo plans to list on the NYSE under the symbol OLO. Goldman Sachs, J.P. Morgan and RBC Capital Markets acted as lead managers on the deal.
