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.