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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Sinkhole in Japan widens as rescuers try to save truck driver
Rescue workers in Japan are attempting to save a trapped truck driver from a widening sinkhole in Yashio city, Saitama prefecture, caused by a ruptured sewage pipe. The 10m-wide crater has doubled in size, swallowing a truck and prompting evacuations of 200 households amid fears of a gas leak. Sinkholes are becoming more common in Japan due to aging infrastructure, with previous incidents in Fukuoka and Kuala Lumpur highlighting the risks they pose to residents...
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