2024-12-13
ServiceTitan ($TTAN) priced at $71/share which implies a $7.1B fully diluted equity value (their ratchet was in effect with this share price). Assuming TTAN grows revenue by 20%, they priced at ~8x NTM (next-twelve-months) revenue and ~9x ARR. The company traded up 42% today [image]
CNBC
ServiceTitan's shares closed up 42.25% at $101 in its Nasdaq debut, giving the cloud software provider an ~$8.9B market cap after it raised ~$625M in its IPO
All topics — Top of the Morning — David Bonderman … Financial Times : Live news: ServiceTitan shares pop 42% in debut Bluesky: Chirag Mehta / @chirag : A good signal that the m...