Reported 1 day ago
ServiceTitan Inc. saw its shares jump 42% on their first day of trading, closing at $101, significantly above the initial offering price of $71. The company raised $624.8 million in its IPO, marking the biggest first-day gain for a U.S. IPO over $400 million since Reddit's debut. Based in Glendale, California, ServiceTitan provides software solutions for residential and commercial repair management. Despite reporting a net loss of $195 million for fiscal 2024, the company's strong growth potential in a sizable market has fueled investor optimism.
Source: YAHOO