S&C Advises Underwriters in Toast IPO

September 30, 2021

Toast, Inc. completed its $1 billion listing on the New York Stock Exchange, which included the full exercise of the underwriters' option to purchase additional shares.
 
Toast is a cloud-based, end-to-end technology platform purpose-built for the restaurant community.  The Toast platform provides a comprehensive suite of software as a service (SaaS) products, financial technology solutions, restaurant-grade hardware and a broad ecosystem of third-party partners.
 
S&C represented the underwriters in connection with the IPO. Goldman Sachs & Co. LLC., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC acted as joint lead bookrunning managers.
 
The S&C team representing the underwriters included John Savva, Yu Tanebe and Danielle McKenna. Mehdi Ansari and Jay Thornton advised on intellectual property matters. Tracey Russell advised on FINRA matters. Kristen Klein and Kian Khajooei advised on employment and compensation matters. Jeffrey Hochberg, Saul Brander and David Horton advised on tax matters.