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We’ll soon be toasting Toast’s IPOINTL

We’ll soon be toasting Toast’s IPO

We’re all looking for reasons to celebrate (via Zoom, of course!) during lockdown, so let’s take a moment and raise a glass to none other than… Toast!

Founded in 2011, Toast provides cloud-based software and payment-processing hardware to the restaurant industry. These days, the company is reportedly gearing up for its IPO, which could set its valuation at a whopping $20b. While the stock market debut could happen later this year, the company is still looking into other options, including a SPAC deal (FOMO much?!).

why it matters
The US IPO market is at full steam at the moment and recent high-profile IPOs have done very well (we see you, Bumble!). Toast's IPO will surely inspire fellow MENA-based FinTech startups in the restaurant software space (such as Saudi Arabia’s Foodics) to go for it too!