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ServiceTitan seeks up to $5.16 bln valuation in US IPO
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ServiceTitan seeks up to $5.16 bln valuation in US IPO
Dec 3, 2024 3:36 AM

Dec 3 (Reuters) - Software startup ServiceTitan said on

Tuesday it was seeking a valuation of as much as $5.16 billion

in its initial public offering in the United States.

The Glendale, California-based company said it plans to

raise up to $502 million by offering 8.8 million shares priced

between $52 and $57 each.

ServiceTitan will join a handful of venture capital-backed

firms, including social media platform Reddit ( RDDT ) and

cybersecurity software firm Rubrik ( RBRK ), that have gone

public this year.

Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup are

leading a 14-firm underwriting syndicate.

ServiceTitan will list on the Nasdaq under the symbol

"TTAN."

(Reporting by Arasu Kannagi Basil and Jaiveer Shekhawat in

Bengaluru; Editing by Anil D'Silva and Saumyadeb Chakrabarty)

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