March 8, 2021
Digital ordering and delivery program platform provider, Olo Inc., launched the initial public offering of its Class A common stock. Olo is offering 18 million shares of its Class A common stock with an offering price expected between $16 and $18 per share, according to a news release. The shares will trade on the New York Stock Exchange under the symbol OLO.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the proposed offering. RBC Capital Markets is acting as book-running manager for the proposed offering, and Piper Sandler & Co., Raine Securities LLC, Stifel, Nicolaus & Company, Incorporated, Truist Securities, Inc., and William Blair & Company, L.L.C. are acting as co-managers for the proposed offering.
Olo to Launch IPO
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Olo launches IPO
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IPOs Still A Hot Ticket As Post-Pandemic Normalcy Beckons
Thank You! Law360 (February 26, 2021, 9:57 AM EST) Businesses that have prospered from stay-at-home mandates are flocking toward initial public offerings hoping their stories still resonate, joined by companies from battered industries that are eyeing recovery in a post-pandemic world, indicating no rest for the hot IPO market.
Businesses that have prospered during the pandemic are flocking toward IPOs, a trend that experts attribute to recent, strong debuts and long-term uncertainty about pandemic-related restrictions and the markets in general. (Photo by Spencer Platt/Getty Images)
New filings show several new IPO candidates that reported surging sales in 2020, a year in which many companies that benefited from quarantines and remote work setups went public in droves. The latest prospects appear to be betting that there is more gas in the IPO tank.