Cloud software company ServiceTitan (TTAN.US) applies for an IPO in the US, planning to raise 100 million dollars.

The cloud software company ServiceTitan, headquartered in California, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $100 million. The company plans to list on the Nasdaq under the ticker symbol "TTAN". ServiceTitan primarily serves contractors such as plumbers and roofers, providing professional software solutions. The company offers an end-to-end, cloud-based software platform for connecting and managing various business workflows. Data shows that in the 12 months ending on July 31, 2024, ServiceTitan processed a total transaction volume of $62 billion; as of January 31, 2024, it had approximately 8,000 active customers (customers with annual bills exceeding $10,000). Additionally, in the 12 months ending on July 31, 2024, the company's revenue was $685 million.