Toast prices IPO at $40 a share, way above range, for $20 billion valuation: reports

Toast Inc., a restaurant-focused payments company, priced its initial public offering at $40 a share late Tuesday, according to Dow Jones Newswires and CNBC, significantly above its expected range of $34 to $36 apiece. That range had already been raised from the original $30 to $33 a share.