ServiceTitan (TTAN) began trading on the Nasdaq on Thur 12 Dec 24

ServiceTitan is an American cloud-based software company headquartered in Glendale, California. It provides customer relationship management software for tradespersons, with applications focused on sales, customer service, marketing automation, e-commerce and analytics.

• Founded: 2012
• Employees: 2,870
• Website: servicetitan.com

ServiceTitan targets businesses in plumbing, landscaping, electrical and other trades, with software for managing sales leads, recording calls, generating quotes and scheduling jobs. As of Jan. 31, it had about 8,000 customers with more than $10,000 in annualized billings.

Ara Mahdessian, CEO and co-founder of ServiceTitan, and Vahe Kuzoyan, president and co-founder of ServiceTitan, attend the company’s IPO at the Nasdaq Market in New York City, U.S., December 12, 2024.  / Brendan Mcdermid | Reuters

ServiceTitan’s IPO is notable because few tech companies have taken the leap into the public market since late 2021, when rising interest rates and soaring inflation pushed investors out of risky assets. ServiceTitan is the first significant venture-backed tech company to go public since Rubrik’s (RBRK) debut in April. A month before that, Reddit (RDDT) started trading on the New York Stock Exchange.