ServiceTitan(TTAN.US) is set to go public tonight, pricing its IPO at $71.00 per share.
1min read Cloud software company ServiceTitan (TTAN.US) announced the pricing of its initial public offering (IPO) of 8.8 million shares at $71.00 per share. In addition, the underwriters have a 30-day option to purchase up to an additional 1.32 million shares. The Company's stock is expected to trade on the Nasdaq Global Select Market under the symbol "TTAN" on December 12, 2024, and the offering is expected to close on December 13, 2024.
ServiceTitan provides a suite of end-to-end cloud software platforms specifically designed for service contractors in traditional industries to manage and connect various business workflows. Its services cover multiple industries, including plumbing, electrical, HVAC, garage doors, pest control, landscaping, etc. Customers range from family-owned businesses to large chains. ServiceTitan processed a total transaction volume of $62 billion in the 12 months ended July 31, 2024. As of January 31, 2024, the Company had approximately 8,000 active customers with annualized billings of over $10,000.
