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TOST News

Climb high, fall hard: Recent IPOs have tumbled from their 2021 highs

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2022 IPO activity has been weighed down by poor returns and volatility, grinding to a halt in late February. Many of the best-performing IPOs in recent years have been hit hardest by the recent sell-off. Over two thirds of IPOs since 2019 (530 of 775) are down...read more

Updated: Renaissance Capital's 3Q 2021 US IPO Market Review

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IPO Market Posts Another Record Quarter in a Record Year In the third quarter of 2021, 94 IPOs raised $27.6 billion, marking the busiest 3Q by deal count since 2000. Following an explosive second...read more

US IPO Weekly Recap: Toast gets buttered up in a 13 IPO week

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It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products...read more

Restaurant payment processor Toast prices IPO at $40, above the upwardly revised range

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Toast, which provides mobile and digital payment processing and other services for restaurants, raised $870 million by offering 21.7 million shares at $40, above the upwardly revised range of $34 to $36. The company originally planned to offer its shares at $30...read more