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US Market Movers

Topic 1933 news 13940 Subscribers

Restaurant-software maker Toast valued at more than $32 bln as shares jump 55% in NYSE debut

reuters · Sep 22, 2021 12:03 · Movers

UBER +2.29% TOST -2.67%

Shares of $Toast(TOST.US)$ jumped more than 55% in their New York Stock Exchange debut on Wednesday, fetching a valuation of nearly $32.6 billion for the company that makes software to help restaurants with online and in-store orders.

The stock opened at $65.26, compared with its initial public offering price of $40 per share.

(Reporting by Sohini Podder in Bengaluru; Editing by Ramakrishnan M.)

(Sohini.Podder@thomsonreuters.com)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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