Toast shares closed up 56% at $62.51 per share in its NYSE debut, giving it a market cap of $31B+ after raising ~$870M in its IPO (Ari Levy/CNBC)

Ari Levy / CNBC:
Toast shares closed up 56% at $62.51 per share in its NYSE debut, giving it a market cap of $31B+ after raising ~$870M in its IPO  —  - Toast priced its IPO at $40 on Tuesday, above the expected price range of $34 to $36.  — Annual recurring revenue surged 118% in the second quarter …

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