ServiceTitan IPO: Date, Price, Final Terms, S-1
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The ServiceTitan IPO date was Thursday, December 12th, 2024.
The IPO price was $71 per share and the opening trade was $101 at 12:50 pm. ServiceTitan stock now trades on the Nasdaq under the stock symbol “TTAN“.
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Table of Contents
Recent News
12/12/2024: Opening Trade $101 at 12:50 pm ET
12/11/2024: ServiceTitan IPO Price = $71
12/10/2024: ServiceTitan IPO Price Range Increased to $65-$67
12/03/2024: ServiceTitan Amended S-1 Filing Available
Older news…
About ServiceTitan
ServiceTitan is a cloud software-as-a-service (SaaS) platform empowering home services businesses such as HVAC, plumbing, electrical, pest control, builders, and many other industries to manage their clients and employees.
The software supports all aspects of trade businesses, including marketing, scheduling, dispatch, payments, timesheets, payroll, and customer service management.
Founders Ara Mahdessian and Vahe Kuzoyan met on a college ski trip. Both were ethnic Armenian immigrants studying software engineering at Stanford and USC, respectively.
Each of their fathers owned residential contracting businesses. That summer, the duo teamed up to build software to help streamline their fathers’ businesses.
Founded in 2012 in Glendale, CA, the business has more than 11,000 customers, generating more than $200 in annual recurring revenue (ARR).
Here’s a video showing how various business owners use ServiceTitan to streamline their businesses. The video starts at 1:15 mark, where the software screen share activity begins.
IPO Terms
- IPO Date: 12/12/2024
- ServiceTitan Stock Symbol: “TTAN”
- Exchange: Nasdaq
- IPO Price: $71
- Opening Trade: $101
- Opening Trade Time: 12:50 pm ET
- Common Stock Offered: 8,800,000 Shares
- IPO Valuation: $6.3 billion
- Raise: $625 million
- Lead Underwriters: Goldman Sachs, Morgan Stanley
ServiceTitan IPO Date
The ServiceTitan IPO date was Thursday, December 12th, 2024. The stock began trading at 12:50 pm ET. The first trade occurred at $101 per share.
What time do IPOs start trading?
Bookmark this page for the latest developments.
S-1 Filing
Here is a PDF version of the ServiceTitan S-1 Filing via the SEC.
The above version was published on December 3rd. Get the latest versions on the SEC website if and when new forms are released.
Ownership and Venture Capital
ServiceTitan is now a public company owned by shareholders.
It is was a private company until December 12th.
The company raised more than $1 billion leading up to the IPO and another $625 million in its public debut.
The last venture funding round, a Series G, was a $200 million raise tied to the Aspire acquisition (a landscaping software company) in June 2021.
Venture capital investors include Index Ventures, Dragoneer, T. Rowe Price, Battery Ventures, Bessemer Venture Partners, Thoma Bravo, Sequoia, Tiger Global, I2BF Global Ventures, Mucker Capital, AMENALAV, and ICONIQ Capital.
Pre-IPO Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series H | 11/21/22 | $7.37B | $365.00M | $84.57 |
| Series G | 06/29/21 | $9.50B | $200.00M | $118.96 |
| Series F | 03/24/21 | $8.30B | $500.00M | $107.32 |
| Series E | 05/07/20 | $2.25B | $73.82M | $33.80 |
| Series D | 11/13/18 | $1.65B | $165.00M | $26.29 |
| Series C | 04/12/18 | $825.00M | $62.00M | $14.55 |
| Series B | 03/14/17 | $322.50M | $80.00M | $6.06 |
| Series A | 06/15/15 | $100.00M | $18.96M | $2.11 |
| Source: Caplight |
Valuation
The ServiceTitan valuation was $6.3 billion heading into the IPO. The $101 opening trade set an initial market cap at about $9 billion.
The November 2022 Series H funding round established a ServiceTitan valuation of $7.37 billion. Pre-IPO marketplaces show little diversion from this valuation as of November 2024.
Stock Price
A public ServiceTitan stock price began trading on December 12th. The IPO price was $71 per share, up from a previous target of $65-$67 and $52-$57 before that.
The final private transaction on the Hiive marketplace took place in November 2024 at $41 per share. But overall trading volume was thin in 2024.
Caplight estimated the private share value at around $80 per share, suggesting a wide divergence of private market pricing.
How to Invest in ServiceTitan Stock
Investors can buy TTAN stock now that it is trading publicly. Here is a list of online brokers that offer IPO access to customers:
Frequently Asked Questions (FAQs)
Is ServiceTitan stock publicly traded?
Yes. ServiceTitan became a public company on December 12th, 2024.
What is the ServiceTitan stock symbol?
The ServiceTitan ticker symbol is “TTAN”.
Where is the ServiceTitan IPO S-1 Filing?
ServiceTitan released its S-1 filing to the public on November 18th, 2024, and amended it on December 3rd. Read it above or on the SEC website.
You can check out the most recent S-1 filings in our S-1 filings feed.
ServiceTitan News Archive
11/18/2024: ServiceTitan Releases S-1 Filing
11/26/2024: ServiceTitan has a ‘dirty’ term-sheet
11/25/2024: Here’s why ServiceTitan was on the clock to go public
11/15/2024: ServiceTitan Aims to IPO by End of 2024
04/30/2024: Synchrony and ServiceTitan Join Forces
12/19/2023: ServiceTitan prepares for 2024 IPO
02/16/2023: ServiceTitan Cuts 8% of Workforce
11/10/2022: ServiceTitan Held Talks to Raise Money at 20% Valuation Cut
01/25/2022: ServiceTitan filed confidential paperwork for an IPO
09/23/2021: ServiceTitan prepares U.S. IPO
06/30/2021: ServiceTitan acquires Aspire, raises $200M at a $9.5B valuation
03/26/2021: ServiceTitan Announces $500 Million Investment
05/16/2019: These Founders Built a Billion-Dollar Startup for Home Businesses
11/14/2018: ServiceTitan Secures 165m in Series D Funding
06/16/2015: ServiceTitan raises $18 million Series A at $100 million valuation
Conclusion
Investors get excited when they identify companies riding extraordinary macroeconomic trends (such as cloud and SaaS).
However, buying the stock early on can often prove difficult for retail investors.
Though pre-IPO investing platforms have opened more opportunities, private equity investing is still primarily reserved for accredited investors because of the added risk.
ServiceTitan is an outlier, as individual investors owned it ahead of the IPO through Fundrise Venture.
Now that the IPO is completed, we can all invest in ServiceTitan. But maintain discipline. If you were not able to get IPO shares, be careful of chasing shares with inflated values.
If ServiceTitan stock is on your radar, good luck. Invest in pre-IPO and IPO companies with caution.
Craig Stephens founded Access IPOs in 2016 to help ordinary investors explore IPO and pre-IPO opportunities. He also manages the Access Club, a membership community for IPO and startup investors. Craig studied Finance at Michigan State University and lives in Northern Virginia. Learn more about Craig.
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