ServiceTitan prices at $71, above expected range

ServiceTitan, founded by Vahe Kuzoyan and Ara Mahdessian, priced its IPO at $71 a share, raising almost $625 million and valuing the company at $6.3 billion. The cloud software provider for contractors is set to debut on the Nasdaq under ticker symbol “TTAN,” with top shareholders including Bessemer Venture Partners, TPG, and Iconiq. ServiceTitan’s software helps with marketing, sales, scheduling, and customer service, with preliminary results showing a net loss of $47 million on $198.5 million in revenue for the October quarter.

Full Article