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Cloud-based Commerce Platform OLO Files for $100 Million US IPO

Esther Thin

Olo Inc, a cloud-based commerce platform, has filed Form S-1 Registration Statement on February 19, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company enabling digital ordering and delivery, while further strengthening and enhancing the restaurants’ direct consumer relationships.

The New York-based company was founded in 2005 and booked $98 million in revenue for the 12 months ended December 31, 2020. It plans to list on the NYSE under the symbol “OLO.” Goldman Sachs, J.P. Morgan, and RBC Capital Markets are underwriters of the IPO.

The company engages Cooley LLP as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.

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