Is OLO the Best IPO of 2021? Here's What You Need to Know
In this video, I'll be talking about newly IPO'd OLO (NYSE: OLO) (which stands for Online Ordering). Olo in a way could be viewed as the Shopify for restaurants as it allows physical restaurants to have a digital presence and manage their business more efficiently by using its own modules.
Olo offers 3 core products/modules: Ordering, Dispatch & Rails. As of December 2019 and 2020, 44% and 71% of OLO's customers used all three of their modules, respectively.
They refer to their business model as a transactional SaaS model as it includes both subscription and transaction-based revenue streams, and it's designed to align with its customers' success.
Source Fool.com
