Inside the Culture Clash at JPMorgan and WePayRead more

Briefing
markets

Toast Sets Pricing Range on Upcoming IPO

By
Aidan Ryan
· · Source: The Information

Restaurant software payment service Toast is seeking to raise as much as $717.4 million in its upcoming initial public offering that could value the company at more than $18 billion. The company will sell 21.7 million shares for between $30 and $33, it said today, although the pricing range is tentative and could change when the company prices the offering. The company struggled at the...

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When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal.
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