In today’s briefing:
- ServiceTitan IPO: Pricing and First Trading-Day, The Stock Jumped ~42% As A Public Company
ServiceTitan IPO: Pricing and First Trading-Day, The Stock Jumped ~42% As A Public Company
- ServiceTitan, a provider of field service management software for home service businesses, priced its IPO at $71.00/share and raised ~$625M.
- ServiceTitan IPO has seen robust demand among institutional investors. The company boosted its initial price range to $65.00 to $67.00 per share.
- The offering was priced above the price range, valuing ServiceTitan at ~$6.5B. The stock jumped ~42% on first day as a public company and closed at $101.00 on Thursday.
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