ServiceTitan

Canaccord Genuity Acts as Passive Bookrunner to ServiceTitan on its US$718.5 Million Initial Public Offering

Canaccord Genuity is pleased to announce it has acted as Passive Bookrunner to ServiceTitan, Inc. (“ServiceTitan”), (NASDAQ:TTAN), the software platform that powers the trades, on its initial public offering of 8,800,000 shares of its Class A common stock, at a public offering price of $71.00 per share. The shares began trading on the Nasdaq Global Select Market on December 12, 2024, under the ticker symbol “TTAN”, and the offering closed on December 13, 2024.

In addition, ServiceTitan, in connection with its initial public offering, granted the underwriters a 30-day option to purchase additional shares of its Class A common stock at the initial public offering price of $71.00 per share, less underwriting discounts and commissions. On December 17, 2024, ServiceTitan consummated the sale of an additional 1,320,000 shares of its Class A common stock pursuant to the full exercise by the underwriters of their option to purchase additional shares.  

ServiceTitan is a software platform that powers trades businesses by bringing an integrated SaaS platform to an industry historically underserved by technology. The company’s cloud-based, end-to-end solution gives contractors the tools they need to run and grow their business, manage their back office, and enhance the customer experience.