Olo Inc. (“Olo”), a New York City-based fintech startup that provides digital ordering and delivery programs for restaurants, hopes to raise $306 million with the initial public offering.
Olo announced that it has launched the roadshow for its Class A common stock’s IPO. Olo is offering 18,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $16.00 and $18.00 per share. The shares are expected to trade on the New York Stock Exchange under the symbol “OLO.”
Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the proposed offering. RBC Capital Markets is acting as a book-running manager for the proposed offering. Piper Sandler & Co., Raine Securities LLC, Stifel, Nicolaus & Company, Incorporated, Truist Securities, Inc., and William Blair & Company, L.L.C. are acting as co-managers for the proposed offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold or may offer to buy be accepted before the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.