The IPO price will give the GV-backed restaurant management software provider a market capitalisation of about $20bn at the time of its $870m flotation.

US-based restaurant organisation technology provider Toast is floating on the New York Stock Exchange today in an $870m initial public offering representing an exit for internet and technology group Alphabet. The offering consists of just over 21.7 million shares priced at $40.00 each, above a $34 to $36 range upgraded from $30 to $33 by…

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