Toast IPO: What Investors Need to Know
Restaurant-focused software company Toast will go public this week in an IPO under the symbol "TOST" on the New York Stock Exchange. For those interested in new stocks hitting the market, Toast could present an intriguing opportunity today, since the restaurant industry is in a state of rapid digitization as a result of COVID-19.
Ironically, a company like Toast could be in the best of all possible worlds. Restaurants are finding digital solutions more of a necessity as the delta variant prolongs the pandemic, yet people are also yearning to dine out as the pandemic subsides. Toast has been posting very strong recent growth as a result as it emerges from the pandemic, but is Toast's IPO priced right for investors?
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Source Fool.com
