Restaurant-software provider Toast prepares for IPO

Toast Inc, a cloud-based restaurant software company, is planning an initial public offering that could value it at around $20 billion, the Wall Street Journal reported on Sunday…

Boston-based Toast has tapped Goldman Sachs Group Inc and JPMorgan Chase & Co to underwrite a possible listing later this year, the newspaper reported, citing people familiar with the matter.

It could also consider other options including a sale or combination with a blank-check company, the Journal reported.

There are no guarantees Toast will ultimately go public or pursue another of the options, the newspaper added.

In February of last year, Toast raised…

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