ServiceTitan Shares Surge 46% in Nasdaq Debut Following $625 Million IPO

The California-based software company for contractors exceeded IPO price expectations, marking one of the year's few major tech public offerings.

ServiceTitan's IPO was priced at $71 per share, above the projected range of $65 to $67, valuing the company at approximately $6.3 billion.
Shares opened at $101 on the Nasdaq, a 46% increase from the IPO price, highlighting strong investor demand in a slow year for tech IPOs.
The company raised $625 million by selling 8.8 million shares, with additional proceeds possible through underwriters' options for more shares.
Founded in 2012, ServiceTitan offers business management software for tradespeople and serves around 8,000 customers, including contractors in plumbing, HVAC, and landscaping.
Proceeds from the IPO will be used to retire preferred stock, expand into new markets, and support general corporate initiatives.