Olo Inc - New Cloud SaaS Mid-Cap IPO - Top IPO Growth Stock of 2021? $OLO Stock - olo Stock Analysis

Описание: Today I provide stock market analysis on Olo ($OLO) stock, which is launching its IPO soon. Olo is a New York City-based B2B SaaS company that develops digital ordering and delivery programs for restaurants. The company’s platform allows customers to place restaurant orders from multiple origination points – from a brand’s own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants. It also provides restaurants with order analytics and other services. Should you buy OLO stock?

In this video, I break down what OLO does, discuss the IPO timing, discuss the IPO valuation, and discuss both the company's benefits and risks.

"Olo Inc. OLO, disclosed Monday that the expected pricing of its initial public offering has increased to a range of between $20 and $22 a share from between $16 and $18 a share. With the New York-based provider of an e-commerce platform for multi-location restaurants still offering 18 million shares in the IPO, the company could now raise up to $396 million, and be valued at up to $3.12 billion. The company's stock is expected to list on the NYSE under the ticker symbol "OLO." Goldman Sachs, J.P. Morgan and RBC Capital Markets are the lead underwriters. Olo recorded net income of $3.1 million on revenue of $98.4 million in 2020, after a net loss of $8.3 million on revenue of $50.7 million in 2019."

From the OLO S-1:
"We are the exclusive direct digital ordering provider for our leading brands across all service models of the restaurant industry, including quick service, fast casual, casual, family, and snack food. Our customers include major publicly traded and the fastest growing private restaurant brands such as Chili’s, Wingstop (WING), Shake Shack (SHAK), Five Guys, and sweetgreen. As of December 31, 2020, we had approximately 400 brand customers representing over 64,000 locations using our platform."

Resources:
https://www.sec.gov/Archives/edgar/da...
https://www.olo.com/customers/wingstop
https://www.marketwatch.com/story/olo...


Disclaimer:
I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.

#stocks #IPO #olo #highgrowth #olostock