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

8d ago

Find out if you are being paid fairly.Download Grapevine

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion2mo

Table Space Targets $2.5bn Valuation for 2025 IPO

Bengaluru-based workspace provider, Table Space, plans for an IPO next year with a target valuation of $2-2.5 billion.
The company's current valuation stands at $550 million, following a $300 million series D round from China...