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Food Software Startup Olo Is Said to Plan U.S. IPO in 2020

  • Olo could seek valuation of about $1 billion in potential IPO
  • Software company has partnerships with Uber and DoorDash
Photographer: Andrey Rudakov/Bloomberg
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Olo, a food-ordering software company where Shake Shack Inc. founder Danny Meyer sits on the board, is planning a U.S. initial public offering this year, according to people with knowledge of the matter.

The New York-based company could seek a valuation of about $1 billion in an IPO, said one of the people, who asked not to be identified because the information is private. Olo, whose name is derived from “online ordering,” interviewed potential advisers around the end of 2019, the people said.