ServiceTitan stock surged more than 40% in the first trades following its initial public offering on the Nasdaq Thursday. The post Software Firm ServiceTitan Stock Pops On Debut In Positive Sign For IPO Market appeared first on Investor's Business Daily.
CNBC's Leslie Picker reports on the latest IPO news.
ServiceTitan is set to begin trading today on the Nasdaq under the ticker symbol "TTAN" following an initial public offering (IPO) that was priced above the company's expectations.
Company sees $1.5 trillion in trade spending as a market opportunity.
Ara Mahdessian, ServiceTitan co-founder and CEO, and Vahe Kuzoyan, ServiceTitan co-founder and president, join 'Squawk Box' to discuss the company's IPO debut, how the company got started, who their biggest customers are, impact of AI, and more.
Software startup ServiceTitan priced its U.S. initial public offering at $71 per share, it said on Wednesday, in an IPO that could see it raise $624.8 million.
ServiceTitan said on Wednesday that it priced 8.8 million shares at $71 a piece in its initial public offering. Tech IPOs have been rare in recent years, and investors are looking for signs of life heading into 2025.
Market excitement is apparently growing for the initial public offering (IPO) by ServiceTitan, a cloud-based software platform for trades businesses.
In a big move, ServiceTitan boosts is estimate price range to $65-$67 a share from $52-$57.
Software startup ServiceTitan is seeking a valuation of $5.95 billion in its U.S. initial public offering by raising the price at which it plans to sell shares, it said on Tuesday.
Four small IPOs priced this past week, joined by two SPACs. Energy services provider Flowco Holdings filed for an estimated $300 million IPO. One IPO - ServiceTitan - is currently scheduled in the week ahead, although smaller issuers may join the calendar throughout the week.
On Tuesday, cloud business software provider ServiceTitan offered a price range for its initial public stock of $52 to $57 a share, with hopes to raise $446.2 million to $514.2 million at the midrange.