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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Olo Inc

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Olo Inc
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Trending this week | Nation s Restaurant News

Trending this week | Nation s Restaurant News
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Olo Prices IPO At $25/shr, Above Revised Range

Olo Prices IPO At $25/shr, Above Revised Range WASHINGTON (dpa-AFX) - Olo Inc., the New York City-based B2B SaaS company that develops digital ordering and delivery programs for restaurants, said that it has priced its initial public offering of 18 million Class A common stock at a price of $25.00 per share, which is above revised range of $20.00 and $22.00 per share. The company initially had planned to offer the same shares in the range of $16.00 and $18.00 per share. The shares are expected to begin trading on the New York Stock Exchange on March 17, 2021 under the symbol OLO and the offering is expected to close on March 19, 2021.

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Olo stock surges 28% in opening NYSE trade

Powered by The New York-based company last year reported a $3 million profit on $98 million in revenue, according to regulatory filings. Olo lost $8.3 million on $51 million in revenue the year prior. Shake Shack Inc., The Cheesecake Factory Inc. and Wingstop Inc. are among the restaurants that are Olo customers. Shake Shack founder Danny Meyer, who has an approximate 1.1% stake, serves on the company’s board of directors. Ticker

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IPO Report: Olo, maker of restaurant-ordering tech, prices IPO at $25 a share for valuation above $3 billion

IPO Report: Olo, maker of restaurant-ordering tech, prices IPO at $25 a share for valuation above $3 billion
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