- Restaurant Software firm Toast Inc (NYSE:TOST) now plans to sell 21.7 million shares for $34 – $36 per share in an upsized initial public offering.
- The maximum offering proceeds could reach $782.6 million.
- The transaction could value Toast at 18 billion based on the expected 499.3 million Class A and Class B shares outstanding after this offering. Toast had previously planned to sell at $30 – $33 per share.
- Toast aims to list its stock on the NYSE under the symbol “TOST.”
Cassava Sciences Inc. (NASDAQ: SAVA) shares were moving Monday after the company announced positive clinical data with SavaDx.