ServiceTitan, a software program startup, adjusted its U.S. IPO technique by growing the worth vary of its shares, indicating a valuation goal of $5.95 billion.
The corporate stated Tuesday it plans to maintain the variety of shares provided at 8.8 million whereas growing the worth vary to between $65 and $67 per share.
This revision might doubtlessly increase as much as $589.6 million for ServiceTitan, surpassing the earlier estimate of $502 million that will have been raised within the preliminary value vary.
The Glendale, Calif.-based firm is poised to hitch the ranks of venture-backed firms like social media platform Reddit and cybersecurity software program firm Rubrik, which have already made their public debuts this yr .
ServiceTitan is anticipated to be listed on the Nasdaq Inventory Trade beneath the image “TTAN.” The IPO is backed by a gaggle of underwriters, together with Goldman Sachs, Morgan Stanley (NYSE:), Wells Fargo (NYSE:), and Citi Group (NYSE:) on the head of a union of 14 firms.
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