ServiceTitan Prices 8.8M Share IPO at $71/sh

investing.com 12/12/2024 - 11:31 AM

ServiceTitan, Inc. (TTAN) IPO Announcement

ServiceTitan, Inc. (TTAN), the software platform that powers trades, announced the pricing of its initial public offering (IPO) of 8,800,000 shares of Class A common stock at $71.00 per share. Additionally, the underwriters have a 30-day option to purchase up to an extra 1,320,000 shares at the IPO price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on December 12, 2024, under the ticker symbol "TTAN". The offering is anticipated to close on December 13, 2024, subject to customary closing conditions.

Goldman Sachs & Co. LLC and Morgan Stanley are the lead book-running managers for this offering. Wells Fargo Securities and Citigroup serve as additional book-running managers, with several firms acting as passive bookrunners, including KeyBanc Capital Markets and Truist Securities.

A registration statement related to these securities has been filed and declared effective by the Securities and Exchange Commission. This offering is made only by means of a prospectus, which may be obtained from the lead managers:

  • Goldman Sachs & Co. LLC
    Attention: Prospectus Department
    200 West Street, New York, NY 10282
    Phone: (866) 471-2526
    Email: prospectus-ny@ny.email.gs.com

  • Morgan Stanley & Co. LLC
    Prospectus Department
    180 Varick Street, New York, NY 10014
    Email: prospectus@morganstanley.com

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and the sale of these securities is prohibited in any state where such offer, solicitation, or sale would be unlawful before proper registration or qualification.

About ServiceTitan

ServiceTitan is a software platform that empowers trades businesses. Its cloud-based, end-to-end solution equips contractors with the tools to manage their businesses, back office, and customer experience efficiently. By integrating technology into an underserved industry, ServiceTitan helps tradespeople maintain operations effectively.

© 2024 ServiceTitan. All rights reserved. ServiceTitan, the ServiceTitan logo, and all related product and service names are registered or unregistered trademarks of ServiceTitan, Inc. Other brand names mentioned are the trademarks of their respective holders.

Press Contact
Max Wertheimer
ServiceTitan, Inc.
press@servicetitan.com

Investor Contact
Jason Rechel
ServiceTitan, Inc.
investors@servicetitan.com

View source version on Business Wire.




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