Shares of $Toast(TOST.US)$ jumped more than 55% in their New York Stock Exchange debut on Wednesday, fetching a valuation of nearly $32.6 billion for the company that makes software to help restaurants with online and in-store orders.
The stock opened at $65.26, compared with its initial public offering price of $40 per share.
(Reporting by Sohini Podder in Bengaluru; Editing by Ramakrishnan M.)
(Sohini.Podder@thomsonreuters.com)