Test press release 1

Toast Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares


Boston, MA—September 24, 2021 – Toast, Inc. (NYSE: TOST), the end-to-end platform built for restaurants, today announced the closing of its initial public offering of 25,000,000 shares of its Class A common stock, including the exercise in full of the underwriters’ option to purchase up to an additional 3,260,869 shares, at a price of $40.00 per share. Proceeds from the initial public offering were $1 billion, before deducting underwriting discounts and commissions and other offering expenses. The shares began trading on the New York Stock Exchange on September 22, 2021 under the ticker symbol “TOST.”