financetom
Technology
financetom
/
Technology
/
ServiceTitan seeks $5.95 bln valuation in its U.S. IPO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ServiceTitan seeks $5.95 bln valuation in its U.S. IPO
Dec 10, 2024 3:52 AM

Dec 10 (Reuters) - Software startup ServiceTitan is

seeking a valuation of $5.95 billion in its U.S. initial public

offering by raising the price at which it plans to sell shares,

it said on Tuesday.

The company said it would still sell 8.8 million shares but

at a raised price range of $65 to $67 each, which would fetch it

up to $589.6 million, compared with the $502 million it would

have raised at the earlier price band.

Glendale, California-based ServiceTitan will join a handful

of venture capital-backed firms, including social media platform

Reddit ( RDDT ) and cybersecurity software firm Rubrik ( RBRK ),

which have all gone public this year.

ServiceTitan will be listed on the Nasdaq under the symbol

"TTAN."

Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup are

leading a 14-firm underwriting syndicate.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved