Initial public offerings or IPOs are known as a great way for investors to make a big profit in a relatively short time. On average, they can bring investors 40% returns in the first 3 months. Once the initial funding stages are out of the way, IPOs can be a great way for companies to sell their shares on the open market and raise more capital to continue their growth. Whether or not you use this platform yourself, if you’re into new tech stocks you might have wondered, “is ServiceTitan publicly traded?” Read on to find out everything about the upcoming ServiceTitan stock IPO.

ServiceTitan History

ServiceTitan is a software company that offers service management solutions for a range of service industries, including plumbing, landscaping, HVAC, and pest control. The startup was founded in 2012 by Ama Mahdessian and Vahe Kuzoyan, Armenian immigrants who were trying to solve a real problem for their parents who were finding it hard to manage businesses as residential contractors.

Mahdessian is a Stanford graduate with degrees in Engineering and Management Science. Kuzoyan got his degree in Computer science, neuroscience and business administration from the University of California. Both their fathers were struggling as immigrant plumbers. 

Kuzoyan is the main expert and visionary behind the team’s innovations, from strategy and development to perfecting the experience and tools. He created ServiceTitan for his father who was frustrated with the lack of technology available to manage his business. The duo decided to pass on lucrative job offers to create their own product.

The software helps private contractors manage their business. On their website, the company claims that their clients increase their revenue by 15% by using the ServiceTitan platform, which handles marketing, call booking, contracts, operations such as dispatching and scheduling, employee management and reporting. To put it simply, it helps contractors generate more leads and close more sales.

The company acquired other businesses, including landscaping software company Aspire, pest-control platforms ServicePro and FieldRoutes.

The most recent round, Series G brought in $200 million in June 2021 and raised the company’s valuation to $9.5 billion.

Read on to find out the ServiceTitan IPO date and price, and other key info.

ServiceTitan Public Listing Key Data and IPO Date

ServiceTitan IPO Date: 2022 (TBA)
Ticker: N/A
Exchange: N/A
IPO stock price: N/A
Valuation pre-IPO: $9-18 billion
Market cap: N/A
CEO: Ara Mahdessian
Category: Software

In fall last year, Reuters reported that ServiceTitan is kicking off its IPO process. In January 2022 there were new reports that the company is pursuing a valuation as high as $18 billion. However, we all know what happened towards the end of the following month. 

Since then, investors all around the world have been asking, “when is ServiceTitan going public?” Because much of the information about the launch remains private, we don’t know anything specific about their IPO date, suggested stock price or stock symbol, 

ServiceTitan is very likely to file its IPO on Nasdaq like tech companies usually do.  However, occasionally tech companies do launch their IPO on the NYSE instead, seemingly for no apparent reason.

The total funding amount the company has raised over multiple rounds is $1.1 billion. Co-founders Ara Mahdessian and Vahe Kuzoyan, who own the company together with a number of venture capital firms, could see their net worth multiply if and when a ServiceTitan IPO happens at a valuation of $18 billion.

So What About Investing Now?

While many investors are asking the question, “when is ServiceTitan going public?” It’s unclear whether it will happen in 2022. Hardly anyone can blame the management for postponing the launch, that might be the wisest thing to do. There is simply too much fear and uncertainty on the market and in the world.

If a ServiceTitan IPO is to happen by the end of the year, it may turn out to be one of the most interesting launches, both to make a short-term buck and to invest into the long-term growth of a solid business.

Many high-profile IPOs have been postponed due to the bear market that hit tech stocks the hardest, and companies like Chime, Discord, and Reddit are also taking their time.

company’s decision to postpone the IPO may be a good idea considering what’s been happening on the market all year. If we are to witness the company going public this year, this may be a good opportunity both for short-term returns as well as long-term growth.

Keep in mind that IPOs are generally riskier than investing in big companies with proven business models, but if IPOs are your thing this is a great company to keep an eye on.

What’s even better is to build a balanced portfolio of stocks in an industry you know or believe in. Download Gainy to check out TTF stock collections to invest in themes you like, like Cloud technology or investment strategies you’d like to try. 

Check out our IPO section to look at other scheduled IPOs. If you want to find companies that match your interests, investment goals and portfolio, try Gainy for some great IPO investment ideas, as well as established blue-chip companies and a variety of other assets.


Is ServiceTitan a public company?

While the ServiceTitan stock IPO date has not been confirmed yet. But the company has been preparing for an IPO for a while, and ServiceTitan stock IPO date should be sometime in 2022 or early 2023. When a company launches an IPO (initial public offering), they become a public company whose shares are traded openly on the stock exchange. When that happens, we’ll find out the ServiceTitan IPO price.

Is ServiceTitan a SPAC?

While a lot of the details about the ServiceTitan IPO remain private, most likely the company will go for a traditional IPO instead of merging with a special purpose acquisition company (SPAC). 

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