U.S. markets open in 7 hours 48 minutes
  • S&P Futures

    3,887.75
    -11.00 (-0.28%)
     
  • Dow Futures

    31,441.00
    -68.00 (-0.22%)
     
  • Nasdaq Futures

    13,252.00
    -27.75 (-0.21%)
     
  • Russell 2000 Futures

    2,261.70
    -13.10 (-0.58%)
     
  • Crude Oil

    60.07
    -0.57 (-0.94%)
     
  • Gold

    1,716.00
    -7.00 (-0.41%)
     
  • Silver

    26.22
    -0.46 (-1.74%)
     
  • EUR/USD

    1.2029
    -0.0030 (-0.25%)
     
  • 10-Yr Bond

    1.4460
    0.0000 (0.00%)
     
  • Vix

    23.35
    -4.60 (-16.46%)
     
  • GBP/USD

    1.3895
    -0.0025 (-0.18%)
     
  • USD/JPY

    106.8100
    +0.0800 (+0.07%)
     
  • BTC-USD

    48,671.90
    +2,395.32 (+5.18%)
     
  • CMC Crypto 200

    975.74
    -10.91 (-1.11%)
     
  • FTSE 100

    6,588.53
    +105.10 (+1.62%)
     
  • Nikkei 225

    29,408.17
    -255.33 (-0.86%)
     

Restaurant-software provider Toast prepares for IPO: WSJ

·1 min read

(Reuters) - Toast Inc, a cloud-based restaurant software company, is planning an initial public offering that could value it at around $20 billion, the Wall Street Journal reported on Sunday.

Boston-based Toast has tapped Goldman Sachs Group Inc and JPMorgan Chase & Co to underwrite a possible listing later this year, the newspaper reported, citing people familiar with the matter. It could also consider other options including a sale or combination with a blank-check company, the Journal reported.

There are no guarantees Toast will ultimately go public or pursue another of the options, the newspaper added.

The company did not immediately respond to a Reuters request for comment.

In February of last year, Toast raised $400 million in a funding round led by investment firms TPG and Tiger Global Management, among others, taking its valuation to $4.9 billion.

(Reporting by Juby Babu in Bengaluru; Editing by Will Dunham)