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0 0 0.00107821182715431 0.000298581736750352 -0.00179149042050268 0.00104503607862652 0.0028134693539023 0.000937214895911179
Stock impact report

Glendale's ServiceTitan seeks to raise $500 million in IPO [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
wants to raise up to $502 million in its initial public offering on the Nasdaq stock exchange. The company said it plans to offer 8.8 million shares that would be priced between $52 and $57 each, according to a regulatory filing. At the top of that range, ServiceTitan would have a market capitalization of $5.16 billion. The company was valued at $7.6 billion after a November 2022 funding round. ServiceTitan hasn't said when it plans to start trading. ServiceTitan was founded in 2007 by two college friends from Glendale, Ara Mahdessian, 39, and Vahe Kuzoyan, 41, whose fathers worked as contractors. The company previously raised about $1.4 billion from venture firms, including Iconiq Growth , Bessemer Venture Partners and Battery Ventures. It counts about 8,000 contracting firms as customers, providing an end-to-end software suite that can manage booking appointments, generating estimates and processing invoices as well as payroll and dispatching workers. Clients range in size fro Show less Read more
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