Restaurant tech firm Olo shares soar 39% in IPO as online ordering surges

Olo shares soared as much as 39% in afternoon trading during its public market debut. The company makes software for restaurant online ordering, and its clients include Shake Shack and Chili’s. CEO Noah Glass said that going public will help raise the profile of the company, which could help its future growth. Olo, which makes …

Billion dollar dreams: Olo’s IPO could be valued at $3B

Restaurant software company, Olo, plans to raise as much as $306 million in an IPO. The New York-based business is pitching the offering to investors as the company announced that it made 18 million shares of Class A common stock priced between $16 and $18 per share. Restaurant software company, Olo, plans to raise as …

Olo Highlights Five Key Takeaways In S-1 Filing For IPO

After filing an S-1 with the Securities and Exchange Commission (SEC) last month, software-as-a-service (SaaS) company Olo, which creates digital ordering and delivery solutions for restaurants, announced the launch of its roadshow for an initial public offering (IPO) on Monday (March 8). The announcement stated that the 18 million shares of the company’s Class A common stock would be valued in the range …

Foodhub looks to raise £100m for acquisition drive

UK-based takeaway delivery app Foodhub is hoping to raise £100 million in private equity funding to drive its global expansion and grow through acquisitions. The Stoke-on-Trent company has already expanded across numerous continents through acquisitions, including the USA, Mexico, New Zealand and, most recently, Australia. Founded in 2017, Foodhub has rapidly emerged as a genuine …

Olo, restaurant software maker, plans to raise up to $324M in IPO

Olo, a maker of order and delivery software programs for restaurants, plans to raise up to $324 million in an initial public offering. New York-based Olo said it planned to offer 18 million shares of its Class A common stock at a price range of between $16 and $18 per share. It intends to list …

Olo Isn’t Everyone’s Food-Delivery Staple

As if the online food-delivery industry wasn’t convoluted enough, it turns out there is yet another intermediary. Unlike DoorDash and Grubhub, 15-year-old Olo isn’t a name known to your average eater. From a consumer’s perspective it mostly exists on the back end of their experience ordering online from a restaurant, helping chains with things such as third-party order integration and …

TECH ROUNDUP: DOORDASH LAUNCHES RESTAURANT ACCELERATOR, TOAST EYES IPO

This week in restaurant tech: DoorDash and Yelp look to better equip restaurants and Toast could be the next tech company to go public. DoorDash launches program for minority-owned restaurants. The Main Street Strong Accelerator is intended to help businesses owned by women, immigrants and people of color that have been disproportionally hurt by the pandemic. …

Olo files to go public with $100M offering

Dive Brief: Software company Olo filed for an initial public offering on Friday with plans to raise $100 million, according to an S-1 filing. As of Q4 2020, Olo processes 1.8 million orders per day and works with 64,000 restaurantlocations and 400 brands, according to the filing. During the past year, the company posted a 94% …

Surging Olo Files for $100 Million IPO

Online ordering and delivery platform Olo is aiming to raise up to $100 million in an initial public offering, according to securities filings. The company, founded in 2005 by Noah Glass, said it plans to list on the New York Stock Exchange under “OLO.” It filed its S-1 with the SEC late Friday. Goldman Sachs, J.P. …

OLO FILES FOR A $100M IPO

Restaurant technology company Olo is hoping to raise $100 million in an initial public offering on the heels of a watershed year for digital ordering. The New York-based company, whose name stands for “online ordering,” was founded in 2005 by Noah Glass as a service enabling customers to order food via text message. It has grown into one of the …