Cloud Software Firm ServiceTitan To Debut On Nasdaq, Prices IPO At $71 A Share

Benzinga 2024-12-13

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ServiceTitan, a cloud software provider for contractors, priced its IPO at $71 per share on Wednesday, exceeding its expected range. The company will debut on the Nasdaq on Thursday under the ticker symbol "TTAN." ServiceTitan raised nearly $625 million, valuing the company at over $6 billion. The company aims to modernize contractor operations with tools for marketing, sales, and scheduling. Preliminary results for the October quarter show just under $200 million in revenue with a 24% increase year-over-year, despite a widening net loss of $47 million.

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