Page 5 - ஒளோ இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Deliveroo peer Olo Inc sees strong demand for New York listing
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Food-Ordering Software Maker Olo Raises $450M in IPO
themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
To embed, copy and paste the code into your website or blog:
Uber will officially classify its British drivers, all 70,000 of them, as “workers” following a “major legal defeat” for the ride-hailing company in the British Supreme Court last month. The move entitles the drivers to “a minimum wage, vacation pay and access to a pension plan” and marks the “first time the company has agreed to classify its drivers in this way” - NYTimes and WSJ and MarketWatch and TechCrunch
Decision day for the Fed, which wraps its March FOMC meeting this afternoon - Bloomberg and NYTimes and WSJ
Publishing date: Mar 17, 2021 • 3 days ago • 2 minute read •
Article content
(Bloomberg) Olo Inc., the food-ordering software company whose board members include Shake Shack Inc. founder Danny Meyer, climbed 39% in its trading debut Wednesday after raising $450 million in an initial public offering.
The New York-based company sold 18 million shares for $25 each on Tuesday after marketing them for $20 to $22, a range it had earlier elevated from $16 to $18. Olo’s shares opened at $32 and closed at $34.75 in New York, giving it a market value of $4.93 billion.
We apologize, but this video has failed to load.
Try refreshing your browser, or Food-Ordering Software Firm Olo Jumps After $450 Million IPO Back to video
March 17, 2021
Olo Inc., a food-ordering software company, has raised $450 million in an initial public offering of its Class A common stock.
The New York-based company, whose board members include Shake Shack Inc. founder Danny Meyer, sold 18 million shares for $25 each, a range it had elevated earlier from $16 to $18, according to a reportin Bloomberg.
Goldman Sachs & Co. LLC and J.P. Morgan will be the main underwriters of the offering with support from RBC Capital Markets, Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, Truist Securities, Inc., and William Blair & Company, L.L.C., according to a press release. The Raine Group will remain Olo s biggest shareholder after the listing with 27% of the voting power, according to the filings. In a related FCC story, Olo is hoping to raise as much as $306 million in its IPO.
vimarsana © 2020. All Rights Reserved.