Prometheus Biosciences Announces Closing of Initial Public Offering and Full Exercise of Underwriters Option to Purchase Additional Shares biospace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biospace.com Daily Mail and Mail on Sunday newspapers.
March 17, 2021
Olo Inc., a food-ordering software company, has raised $450 million in an initial public offering of its Class A common stock.
The New York-based company, whose board members include Shake Shack Inc. founder Danny Meyer, sold 18 million shares for $25 each, a range it had elevated earlier from $16 to $18, according to a reportin Bloomberg.
Goldman Sachs & Co. LLC and J.P. Morgan will be the main underwriters of the offering with support from RBC Capital Markets, Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, Truist Securities, Inc., and William Blair & Company, L.L.C., according to a press release. The Raine Group will remain Olo s biggest shareholder after the listing with 27% of the voting power, according to the filings. In a related FCC story, Olo is hoping to raise as much as $306 million in its IPO.
Olo tops $450M IPO pizzamarketplace.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pizzamarketplace.com Daily Mail and Mail on Sunday newspapers.
Olo tops $450M IPO fastcasual.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fastcasual.com Daily Mail and Mail on Sunday newspapers.
SAN DIEGO, March 16, 2021 /PRNewswire/ Prometheus Biosciences, Inc. , a biotechnology company pioneering a precision medicine approach for the discovery, development, and commercialization.