CosmicTaco

ServiceTitan IPO Soars, Valued at Nearly $9 Billion

CosmicTaco · 2024-12-13T08:38:48.507003+05:30

- ServiceTitan shares surged 42% in their Nasdaq debut, valuing the company at nearly $9 billion. - The IPO raised about $625 million, with shares priced above the indicated range, reflecting strong demand. - CEO Ara Mahdessian highlighted the company's strength and favorable market conditions as key factors for the successful IPO. Source: [Reuters](https://www.reuters.com/technology/software-startup-servicetitan-valued-897-bln-shares-jump-42-nasdaq-debut-2024-12-12/)

ServiceTitan shares surged 42% in their Nasdaq debut, valuing the company at nearly $9 billion.
The IPO raised about $625 million, with shares priced above the indicated range, reflecting strong demand.
CEO Ara Mahdessian highlighted the company's strength and favorable market conditions as key factors for the successful IPO.

Source: Reuters