Shares of restaurant payments company Toast surge in post-IPO debut on NYSE
Toast Inc. shares popped 63% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.
Toast has a variety of payment offerings for restaurants, including point-of-sale hardware, team-management tools, and software that enables establishments to take online orders. The company’s technology was present in about 48,000 restaurant locations as of the end of June.Among the most popular Toast products are its payment hardware, online tools, and marketing offerings, Chief Financial Officer Elena Gomez told MarketWatch.
Asked about the company’s approach to the bottom line, Chief Financial Officer Elena Gomez told MarketWatch that the company plans continued investments in its platform. “At the highest level we have such a massive opportunity that we’re going to continue to support customers and invest for growth,” she said.
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