Reported 2 days ago
ServiceTitan, a cloud-based software firm, achieved a valuation of nearly $9 billion following a successful debut on the Nasdaq, where its shares spiked approximately 42% to open at $101, surpassing the IPO price of $71. Founded in Glendale, California, ServiceTitan serves over 11,800 businesses in the HVAC sector and raised about $625 million through the sale of 8.8 million shares. This IPO reflects renewed investor confidence in the U.S. market, setting the stage for a potential surge in future IPO activity.
Source: YAHOO