ServiceTitan Files for IPO as Revenue Climbs

The cloud software company aims to list on Nasdaq, highlighting investor interest in tech IPOs.

ServiceTitan, a software provider for field-service businesses, filed for an IPO under the ticker symbol 'TTAN'.
The company reported $348 million in revenue for the six months ending July 31, marking a 26% increase from 2023.
ServiceTitan's net loss decreased to $92 million for the same period, with significant spending on sales, marketing, and R&D.
The IPO could offer liquidity for major investors like ICONIQ Growth and Bessemer Venture Partners.
Goldman Sachs, Morgan Stanley, Wells Fargo, and Citigroup are leading the underwriting for the IPO.