US IPO Weekly Recap: ServiceTitan shines in 3 IPO week
Summary
Trades-focused business management platform ServiceTitan (TTAN) priced above the range to raise $625 million at a $7.2 billion market cap. ServiceTitan provides an end-to-end, cloud-based software platform that connects and manages a wide array of business workflows for the trades industry. The company serves many trades, including plumbing, electrical, HVAC, garage door, pest control, landscaping, and others, and its customers range in size from family-owned contractors to large franchises. The company boasts a high retention rate and strong revenue growth, but operates in a fragmented industry with a focus on smaller customers. Roman DBDR Acquisition II (DRDBU) raised $200 million to target cybersecurity, AI, and fintech.
Classifications
industries
Construction
applications
Facilities Management
AskAI Classifications
Labels
Field Service Management Software
Construction Management Software
CRM Software
Linked Companies
ServiceTitan
$500M to $1B