ServiceTitan, a software company for contractors like plumbers and roofers, filed for an IPO on the Nasdaq under “TTAN,” indicating growing investor interest in next-gen software firms. With a $35.7 million net loss on $193 million in revenue in the last quarter, the Glendale-based company’s growth rate of 24% year over year sets it apart in the cloud stock market. Competitors include Salesforce and SAP, with underwriters for the IPO including Goldman Sachs and Morgan Stanley.
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Israel tanks advance into Deir al-Balah city for first time
Israeli tanks have entered Deir al-Balah, Gaza, for the first time, prompting mass displacement among civilians as heavy airstrikes and artillery fire continue. The UN reports this evacuation order affects tens of thousands and threatens crucial humanitarian infrastructure in a region housing numerous camps for displaced families, with calls from the UK and other nations to end the violence. Want More Context? 🔎
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