On November 18, 2024, ServiceTitan, a prominent supplier of cloud-based software for trade companies, declared that it had filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in preparation for the IPO of its Class A common shares. Details regarding the number of shares and pricing remain undisclosed, and the offering's completion is contingent upon market conditions. ServiceTitan plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "TTAN," signaling its intent to expand its market presence.
Goldman Sachs and Morgan Stanley will act as the lead book-running managers, supported by Wells Fargo Securities, Citigroup, and other prominent financial institutions. ServiceTitan’s end-to-end software platform is designed to empower tradespeople by providing tools for business management and customer service in an industry traditionally underserved by technology. With this IPO, the company aims to further its mission of equipping contractors with cutting-edge technology to enhance operational efficiency and customer satisfaction. ServiceTitan’s move underscores its commitment to advancing the trades industry through innovation and investment.
