ServiceTitan, Inc.

ServiceTitan, Inc. (TTAN) priced its initial public offering on Dec 12, 2024 at $71.00 per share, raising $624.8M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6.26B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Wells Fargo and Citigroup and others. Latham & Watkins advised the company and Wilson Sonsini advised the underwriters.

ServiceTitan, Inc. provides an operating system for the trades, the field service activities that install, maintain and service residential and commercial building systems, serving tradespeople such as plumbers, roofers, landscapers and HVAC technicians.

Status

IPO

Ticker

TTAN

Exchange

Nasdaq Global Select

Priced

Dec 12, 2024

IPO price

$71.00

Raised

$624.8M

Market cap at IPO price

$6.26B

First filed

Nov 18, 2024

Underwriters

Goldman Sachs, Morgan Stanley, Wells Fargo, Citigroup, KeyBanc, Truist, Canaccord Genuity, Needham, Piper Sandler, Stifel, William Blair and Academy Securities

Company counsel

Latham & Watkins

Underwriters' counsel

Wilson Sonsini

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.