Toast raises its IPO price range

Restaurant payment start-up Toast raised its IPO price range between $34 and $36 per share from $30 and $33 earlier. The company plans to raise up to $782.6 million in its debut as it seeks an 18 billion valuation.

Toast was last valued at $4.9 billion after its $400 million Series F round in February 2020 led by TPG, Greenoaks Capital and Bessemer Venture Partners.