The IPO Buzz: Hope for ServiceTitan (TTAN Proposed) as December Begins

ServiceTitan (TTAN Proposed) is on IPO investors’ holiday wish list as December begins with just a handful of deals. Los Angeles-based ServiceTitan  is a cloud-based software platform that serves professionals in “the trades” – plumbing, electrical, HVAC, garage door, pest control, landscaping and others.  The company filed its S-1 on Nov. 18, 2024, without disclosing the terms for its IPO.  The placeholder figure for ServiceTitan’s IPO is $100 million, but some on the Street believe that this deal could raise between $500 million and $800 million. The IPO Calendar for the first week of December is light, however, with just six deals – five tiny IPOs and a large SPAC IPO – aiming to raise $148.7 million. Only one tiny IPO – Metros Development Co. Ltd. (MTRS Proposed) – is scheduled to price next week to raise $8.0 million. Up to nine micro-IPOs – with individual estimated IPO proceeds under $20.0 million – are on the IPO Calendar with “week of” timing for either this week or next – depending upon regulatory clearance. Their total estimated proceeds are $94.3 million. Stay tuned.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.)

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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

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