Software startup ServiceTitan reveals paperwork for US IPO
(Reuters) – Software startup ServiceTitan on Monday revealed its paperwork for an initial public offering in the U.S.
The Glendale, California-based company, which was valued at $9.5 billion after a Thoma Bravo-led funding round in 2021, did not reveal the number of shares it planned to sell and the proposed price range for the offering.
After shunning large deals for nearly two years, the U.S. IPO market has recently started seeing a nascent recovery as investor sentiment improves and bets of a looming recession ease.
ServiceTitan expects its shares will trade on the Nasdaq under the ticker symbol "TTAN".
Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup are among the underwriters of the offering.
(Reporting by Prakhar Srivastava and Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
