Salem Radio Network News Tuesday, October 19, 2021

Science

Restaurant-software maker Toast valued at more than $32 billion as shares jump in NYSE debut

(Reuters) – Shares of Toast Inc jumped more than 63% in their New York Stock Exchange debut on Wednesday, fetching a valuation of nearly $32.6 billion for the company that makes software to help restaurants with online and in-store orders.

The stock opened at $65.26, compared with its initial public offering price of $40 per share.

(Reporting by Sohini Podder in Bengaluru; Editing by Ramakrishnan M.)

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