OLO News

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

Olo, which provides a SaaS platform to restaurants for online ordering and delivery, raised $450 million by offering 18 million shares at $25, well above the upwardly revised range of $20 to $22. The company had originally filed to offer the same number of shares at a range of $16 to $18. At pricing, Olo commands a fully diluted market value of $4.6 billion. Olo plans to...read more

Olo, which provides a SaaS platform to restaurants for online ordering and delivery, raised the proposed deal size for its upcoming IPO on Monday. The New York, NY-based company now plans to raise $378 million by offering 18 million shares at a price range of $20 to $22. The company had previously filed to offer the same number of shares at a range of $16 to $18. At the...read more

Updated Monday, 3/15. The IPO market starts to pick back up with 10 IPOs scheduled to raise $2.5 billion in the week ahead. Chinese IoT platform developer Tuya (TUYA) plans to raise $806 million at a $10.4 billion market cap. Tuya’s platform offers PaaS and SaaS to over 5,000 customers for the development, management, and monetization of...read more