When ServiceTitan filed documents last week for its IPO, hoping to have its debut before the end of 2024, the tech world wondered if a stuck IPO market was unlocking at last. Alas, probably not.
PitchBook valued the company at $7.6 billion at the time, meaning the IPO needs to trade above a “base” of $84.57 per share or ServiceTitan will have to issue more shares, Meritech said.
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The U.S. IPO pipeline is showing off a few big names this week. Among the many listings, investors await autonomous driving technology firm Pony AI (PONY) and software provider ServiceTitan (TTAN) ...
ServiceTitan is expected to be one of the very few "unicorns" to go public in 2024, with its IPO roadshow likely to launch ...