Olo, Inc.

General Information

Olo provides a leading cloud-based on-demand commerce platform for multi-location restaurant brands. Clients include Five Guys, Wingstop, Shake Shack, Applebee’s, Chili’s and The Cheesecake Factory, Denny’s, Cracker Barrel, Bob Evans Farms, Peets Coffee, Jamba, Milk, sweetgreen, Jimmy John’s Sandwiches, Dairy  Queen and Checkers. 

From the prospectus: “Our platform powers restaurant brands’ on-demand commerce operations, enabling digital ordering and delivery, while further strengthening and enhancing the restaurants’ direct consumer relationships. Consumers today expect more on-demand convenience and personalization from restaurants, particularly through digital channels, but many restaurants lack the in-house infrastructure and expertise to satisfy this increasing demand in a cost-effective manner. Olo provides restaurants with a business-to-business-to-consumer, enterprise-grade, open SaaS platform to manage their complex digital businesses and enable fast and more personalized experiences for their customers.

“We nearly doubled the gross merchandise value, or GMV, which we define as the gross value of orders processed through our platform, in each of the last five years and reached nearly $14.6 billion in GMV during the year ended Dec. 31, 2020. Our well-established platform has led many of the major publicly traded and top 50 fastest-growing private restaurant brands, measured by overall sales, in the United States to work with us and has been a factor in our high dollar-based net revenue retention.”

(Note: Olo raised the price range on its IPO to $20 to $22, up from $16 to $18 initially, on the same number of shares, in an S-1/A filing dated March 15, 2021. If priced at the mid-point of its newly increased price range, the IPO would raise estimated proceeds of $378 million, up from $306 million initially.) 

Industry: Services - Business Services - Cloud platform
Employees: 134
Founded: 2005
Contact Information
Address 285 Fulton Street One World Trade Center, 82nd Floor New York, New York 10007
Phone Number (212) 260-0895
Web Address http://www.olo.com/
View Prospectus: Olo, Inc.
Financial Information
Market Cap $2982.21mil
Revenues $98.42 mil (last 12 months)
Net Income $3.1 mil (last 12 months)
IPO Profile
Symbol OLO
Exchange NYSE
Shares (millions): 18.0
Price range $25.00 - $25.00
Est. $ Volume $450.0 mil
Manager / Joint Managers Goldman Sachs/J.P. Morgan/RBC Capital Markets
CO-Managers Piper Sandler/The Raine Group/Stifel/Truist Securities/William Blair
Expected To Trade: 3/17/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change