Second Share Purchase Deal Values POS Startup Toast At $8B
PYMNTS
NOVEMBER 24, 2020
Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. A Toast spokesperson told CNBC on Tuesday (Nov. 24) that, “in order to support our employees and former employees as they navigate the impact of Covid-19, we did complete a secondary offering recently.” .
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