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Toast looks toward $18B valuation in upcoming IPO

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As if the Boston startup market needed additional momentum, it appears restaurant software startup Toast will dramatically bolster its valuation in its upcoming IPO.
For a city perhaps best known internationally for its hard tech and biotech efforts, to see Toast not only rebound from its early-pandemic layoffs to a public debut, but to target a valuation closer to $20 billion than $10 billion, is a coup.

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In a new S-1/A filing this morning, Toast indicated an early IPO range …

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