GLENDALE, Calif. — ServiceTitan Inc., which offers software to support trades businesses, became a publicly traded company last month.
The 8.8 million shares in ServiceTitan’s initial public offering (IPO) were priced at $71 each, above the anticipated range, according to news reports. The stock price was just over $101 a share on Tuesday. ServiceTitan trades on the Nasdaq Composite exchange under the symbol TTAN.
“It is a moment that marks the beginning of a new chapter in our journey as we continue on our mission to build the operating system that powers the trades, and to change the lives of every hard-working contractor in this critical industry,” said ServiceTitan co-founders Ara Mahdessian and Vahe Kuzoyan in a blog post about taking the company public. “We want to take this opportunity to thank all of those who have helped and supported the two of us on this decades-long journey.”
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