Cloud software company ServiceTitan files to go public on Nasdaq

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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