ServiceTitan (TTAN.US) will go public tonight with an IPO pricing of $71.00 per share.

Cloud software company ServiceTitan (TTAN.US) announced its initial public offering (IPO) of 8.8 million shares priced at $71.00 per share. In addition, underwriters have a 30-day option to purchase up to an additional 1.32 million shares. The company's stock is scheduled to begin trading on the Nasdaq Global Select Market on December 12, 2024, under the ticker symbol "TTAN", with the offering expected to close on December 13, 2024. ServiceTitan provides an end-to-end cloud software platform designed specifically for service contractors in traditional industries to manage and connect various business workflows. Their services cover multiple industries including plumbing, electrical, HVAC, garage doors, pest control, and landscaping. Their customer base ranges from family-owned businesses to large chains. In the 12 months ending on July 31, 2024, ServiceTitan processed a total transaction volume of $62 billion. As of January 31, 2024, the company had approximately 8,000 active customers with annualized billings exceeding $10,000.