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ServiceTitan announced the pricing of its initial public offering (IPO) of 8,800,000 shares of Class A common stock at $71.00 per share. The company granted underwriters a 30-day option to purchase up to an additional 1,320,000 shares. Trading is expected to begin on December 12, 2024, on the Nasdaq Global Select Market under the ticker symbol TTAN.
The offering, set to close on December 13, 2024, is led by Goldman Sachs and Morgan Stanley as lead book-running managers, with Wells Fargo Securities and Citigroup serving as additional book-running managers. Several other firms are participating as passive bookrunners and co-managers.