Olo, Inc. launches an IPO.

IPO of Olo, Inc. (OLO) will take place on March 16, 2021. 

Olo is a cloud platform that restaurants use for online ordering and delivery. The Olo platform supports restaurant brands’ commercial operations by enabling online-ordering and delivery and further strengthening and expanding restaurants’ direct relationships with customers. 

According to a Freedonia Group analysis, consumer spending on restaurants will rise to $1.1 trillion by 2024. Growing consumer demand for convenience has made online takeout and food delivery are the biggest growth driver for the restaurant industry. 

As of December 31, 2020 the company had approximately 400 clients, representing over 64 000 hotspots. Olo’s clients include the largest and fastest-growing private restaurant brands such as Chili's, Wingstop, Shake Shack, Five Guys and Sweetgreen.

The listed bookrunners of the IPO are Goldman Sachs, JP Morgan, RBC Capital Markets, Piper Sandler, Stifel, Truist Securities and William Blair.