ServiceTitan IPO Sees Stock Price Soar 42% in Trading Debut on Nasdaq
Investors greeted ServiceTitan (TTAN, Financials), a cloud-based software supplier, warmly on its Nasdaq Stock Market launch. Rising to $102.50 per share, a 42% rise from its initial public offering price of $71, the stock, identified under the ticker “TTAN,” jumped handsomely by the conclusion of trade, driving the market value almost to $9 billion.
Rising prices for shares over the targeted range of $65 to $67, the Glendale, California-based business raised around $625 million in its IPO With ServiceTitan valued at $6.3 billion pre-trading, the offering highlights strong investor interest in the company’s ability to dominate its niche in trades technology.
Founded in 2012 by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan offers a…
