DoorDash-Olo Lawsuit Draws Attention To Restaurant Delivery Economics

Restaurant aggregator and delivery service DoorDash is suing digital ordering solutions provider Olo for allegedly overcharging the company by millions of dollars over several years, the Financial Times reported on Wednesday (March 31). “Olo had been charging DoorDash fees that were greater than it was charging comparable delivery platform providers,” states a memorandum that DoorDash filed with New York’s Supreme Court on Tuesday (March 30). “For …

Can Olo Eat the Restaurant Market?

Olo (NYSE:OLO), whose name is short for online ordering, went public last week, quickly topping a $4 billion valuation. The platform is designed to help restaurants customize and manage their entire digital ordering process. But despite seeing massive adoption due to the pandemic, Olo still appears to be in its infancy. Let’s take a look at why its …

COVID PULLED OLO INTO THE FUTURE, AND IT WANTS TO BRING RESTAURANTS ALONG

More than 15 years after its founding, online-ordering company Olo ticked off a major milestone on Wednesday when it began trading shares on the public market. It is just the latest in a line of milestones for the company and its founder and CEO, Noah Glass. On Wednesday afternoon, with some prodding from a Restaurant Business reporter, he …

What Olo’s $450M IPO means for the restaurant industry

Scott Kessler was first struck by Olo’s potential when his daughter had a craving for Chick-fil-A during the pandemic. He and his wife wanted something else for dinner so they ended up making online orders at Chipotle and Shake Shack as well.  When he went to pick up the meals, things didn’t go smoothly. Chipotle …

Olo CEO On The Path To IPO And Building A Restaurant Network

Few companies would look at going public as a time to shake things up. But for restaurant Software-as-a-Service (SaaS) company Olo, that’s exactly what the next order of business looks like. Even after its first day on the New York Stock Exchange (NYSE) wrapped Wednesday (March 17), as the company watched its initial share price go from $25 to a …

Olo tops $450M IPO

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 …

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 …

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 …