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ServiceTitan Priced, Nasdaq: TTAN

Provides business management software for services contractors.

Industry: Technology

Latest Trade: $108.00 +1.80 (+1.7%)

First Day Return: +42.3%

Return from IPO: +49.6%

Industry: Technology

ServiceTitan is the operating system that powers the trades. We are modernizing a massive and technologically underserved industry - an industry commonly referred to as the “trades.” The trades consist of the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. Tradespeople - like your local plumber, roofer, landscaper, HVAC technician and others who are employed in the trades - are immensely skilled and extensively trained. Based on internal analysis of industry data, we estimate the customers of trades businesses, which we refer to as “end customers,” spend approximately $1.5 trillion annually on trades services for homes and businesses in the United States and Canada alone. Despite the size and criticality of the trades and the specialized skills of tradespeople, technology solutions have generally not evolved to address their needs. Thus, many trades are forced to rely on a variety of inadequate tools to manage their workflows. As a result, before software like ours was created, we believe tradespeople were unable to fully harness the transformative benefits of modern technology to improve both their businesses and quality of life.
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IPO Data
IPO File Date 11/18/2024
Offer Price $71.00
Price Range $65.00 - $67.00
Offer Shares (mm) 8.8
Deal Size ($mm) $625
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/11/2024
Offer Price $71.00
Price Range $65.00 - $67.00
Offer Shares (mm) 8.8
Deal Size ($mm) $625
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Morgan Stanley
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Company Data
Headquarters Glendale, CA, United States
Founded 2007
Employees at IPO 2,870
Website www.servicetitan.com

ServiceTitan (TTAN) Performance