ServiceTitan, a cloud-based software platform for trade businesses, has commenced the roadshow for its proposed initial public offering (IPO) of Class A common stock. The company has submitted a registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) to offer 8,800,000 shares of its Class A common stock. An additional 1,320,000 shares are available to underwriters through a 30-day option. The shares are expected to be priced between $52 and $57, with plans to list under the ticker symbol “TTAN” on the Nasdaq Global Select Market. The IPO is led by Goldman Sachs and Morgan Stanley, with several other financial institutions participating as book-running managers and co-managers.
ServiceTitan provides an end-to-end SaaS platform that empowers contractors to efficiently manage and grow their businesses while enhancing customer experiences. The company’s solutions aim to bring advanced technology to tradespeople, an industry historically underserved by digital tools. As it gears up for public listing, the registration statement for the IPO is awaiting SEC approval. ServiceTitan emphasized that this announcement is not an offer to sell or solicit securities, adhering to compliance with state and jurisdictional laws.
