Explore ways to participate in the ServiceTitan IPO before the stock begins trading. Get access to select pre-IPO companies at Equitybee.
ServiceTitan IPO Latest News
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
What is 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).
Is ServiceTitan Stock Publicly Traded?
No. ServiceTitan is a private company.
Who Owns ServiceTitan?
ServiceTitan is a venture-backed private company. Its equity owners include the founders, employees, and venture capital firms.
The company has raised more than $1 billion.
The latest confirmed 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.
ServiceTitan Valuation
The June 2021 Series G funding round valued ServiceTitan at $9.5 billion.
The Information reported in November 2022 that ServiceTitan was in talks to raise new venture capital at a $7.6 billion valuation, down 20% from June 2021.
When is the ServiceTitan IPO Date?
The ServiceTitan IPO date is currently unknown.
Business Insider reported that the company filed for an IPO confidentially in January 2022 on the tailwinds of the 2020-2021 IPO bonanza.
The company was targeting an $18 billion valuation IPO to be completed in 2022.
However, it is now clear the company missed the opportunity window.
The broader IPO market slowed dramatically after 2021, making it challenging for startups to enter the public markets.
Public and private valuations have tumbled.
A new private funding round suggests the company intends to be patient until market conditions improve. However, ServiceTitan may be an IPO candidate in 2023.
Bookmark this page for the latest developments.
What is the ServiceTitan Stock Symbol? ServiceTitan Ticker?
ServiceTitan is still a private company, so there is no ServiceTitan stock symbol yet.
Here are a few ServiceTitan ticker suggestions that appear to be available in the U.S.:
- STTN
- TTN
- TTAN
What is the ServiceTitan Stock Price?
There is no ServiceTitan stock price yet. The company is private.
Can You Access ServiceTitan Shares via Pre-IPO Marketplaces?
The author has yet to see evidence of ServiceTitan stock availability on prominent pre-IPO investing platforms based in the U.S., including Equitybee and the ARK Venture Fund.
Multiple platforms are gauging investor interest.
Shares may become available if early investors or employees want to cash out before the IPO. This may become more likely if the company raises another round of private equity capital.
The SEC requires pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
Check out our list of top pre-IPO investing platforms for current share availability.
How to Invest in ServiceTitan Stock
Since ServiceTitan is a private company, it is challenging to become an equity owner today.
However, you can take action to improve your chances of early equity ownership or acquire shares in the IPO.
1. Access ServiceTitan Shares on Pre-IPO investing platforms
Investors can monitor pre-IPO investing platforms for availability.
If shares become available, expect to pay at least a $10,000 investment minimum. It’s free to sign up for online access to pre-IPO data and deal alerts.
Pre-IPO investing platforms empower users to indicate interest in companies they wish to invest in.
If enough investors indicate interest in a particular company, the pre-IPO platforms may actively reach out to equity holders to try to acquire shares for accredited investors.
Retail investors can bypass the accreditation requirement by owning the ARK Venture Fund via Titan Invest (no relation to ServiceTitan). However, you cannot select individual pre-IPO companies, and ServiceTitan is not in the portfolio.
As companies mature, gain more shareholders, and delay their IPO due to macro conditions, more equity holders may seek liquidation before the IPO.
2. Buy stock during ServiceTitan IPO through a participating broker
Savvy IPO investors may find opportunities to invest during the IPO when it arrives. That means acquiring shares at the IPO price the night before the company begins trading.
Once reserved for Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past few years.
The following online brokers give customers free access to IPOs, even with low account balances:
Brokers often negotiate exclusive IPO share allocations available to retail investors.
Access to specific high-demand IPOs may be limited by which brokerage accounts you have and what broker gets exclusive access.
TradeStation has a longer track record of accessing more than 200 IPOs and secondary offerings via its partnership with ClickIPO.
But Robinhood and SoFi Invest have the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy ServiceTitan stock after the ServiceTitan IPO
Though waiting for the IPO requires patience, there are advantages to waiting for the stock to become publicly traded before owning.
First of all, the IPO allows investors to review financials. Pre-IPO investing has limited financials available.
Second, IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
Many IPOs start with an immediate price increase (“the pop”). Then the stock falls once quarterly earnings reports become available.
In 2021, for example, both Rivian and Robinhood became high-flying IPO stocks. But six months after the IPO, both stocks were more than 80% below their price peak.
Stock price declines after IPOs can be excellent entry points.
Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments.
However, the most disruptive companies will be higher in a decade. Patience pays.
Buy post-IPO stocks with any online broker. My favorite is M1 Finance, which is the best for long-term buy-and-hold investors.
M1 Finance does not provide IPO access.
4. Participate in the ServiceTitan Directed Share Program (customers)
Can ServiceTitan customers invest in the ServiceTitan IPO?
Maybe.
Another possibility is a directed share program.
When companies file their S-1 SEC filing (to begin the IPO process), they sometimes include a directed share program for executives, affiliates, and others who helped the company grow.
ServiceTitan can attribute its success to the small business owners that use its software to run service businesses. The company may use the IPO as an opportunity to reward customers.
This has happened before.
Uber offered shares to drivers that completed a certain number of trips.
GoPro offered shares to its email list.
Airbnb offered IPO shares to hosts.
Considering ServiceTitan’s homegrown roots, offering customers IPO access would be a nice gesture.
If you’re a ServiceTitan customer, monitor your ServiceTitan emails as the ServiceTitan IPO approaches, especially after the S-1 filing becomes public.
You may get a shot at IPO shares.
ServiceTitan, if you’re reading this, please consider options to offer shares to your customers!
Bookmark this page for more information as the IPO approaches.
Where can I find the ServiceTitan IPO S-1 Filing?
ServiceTitan submitted a confidential S-1 filing to the SEC in January 2022. However, as market conditions have turned sour since then, it is unlikely that that version will be released to the public.
It will likely need to resubmit files as it approaches the IPO, possibly in 2023, if market conditions improve.
When the company does, we’ll post it here.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
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.
It’s usually challenging to acquire shares before the IPO.
If you pursue IPO shares and early equity, maintain reasonable expectations.
If the ServiceTitan IPO is on your radar, good luck. Invest in pre-IPO and IPO companies with caution.
Related content: Gusto IPO
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long ABNB, RIVN, and HOOD.
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