ServiceTitan mulling IPO before year-end
The company has been waiting for "favorable market conditions," according to an investor
ServiceTitan could hit the public market before the end of this year, ION Analytics reported.
Catch up: The company, which will reportedly generate over $700 million in revenue this year, filed for an IPO in 2022 — seeking an $18 billion valuation — but soon after scrapped its plans.
What’s happening: In December 2023, Reuters reported that ServiceTitan had resumed preparations, targeting a debut this year, though plans could change.
- The company has been waiting for “favorable market conditions,” according to an investor, and is now eyeing a December window, given the stock market’s recent performance and the presidential election being in the rearview.
- It was last valued at $7.6 billion in 2022, according to PitchBook.
Yes, but: While this year is a possibility, the company may also wait until 2025, sources told ION Analytics.
The bottom line: While the timing’s a toss-up for now, we’ll likely see ServiceTitan trading as a public company within the next 12 to 18 months.
Editor’s note: This article has been updated to reflect the latest information.
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