ServiceTitan, a cloud software provider for contractors, priced its IPO at $71 per share on Wednesday, exceeding its expected range. The company will debut on the Nasdaq on Thursday under the ticker symbol "TTAN." ServiceTitan raised nearly $625 million, valuing the company at over $6 billion. The company aims to modernize contractor operations with tools for marketing, sales, and scheduling. Preliminary results for the October quarter show just under $200 million in revenue with a 24% increase year-over-year, despite a widening net loss of $47 million.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Service Titan, a cloud software provider for contractors, priced its IPO at $71 per share
00:08on Wednesday, exceeding its expected range. The company will debut on the Nasdaq on Thursday
00:12under the ticker symbol TTAN. Service Titan raised nearly $625 million, valuing the company
00:19at over $6 billion. The company aims to modernize contractor operations with tools for marketing,
00:25sales, and rescheduling. Preliminary results from the October quarter show just under $200
00:29million in revenue, with a 24% increase year-over-year, despite a widening net loss
00:35of $47 million. For all things money, visit Benzinga.com slash GSTV.