ServiceTitan Announces Closing of Underwriters’ Option to Purchase Additional Shares
December 17 2024 - 4:05PM
Business Wire
ServiceTitan, Inc. (NASDAQ: TTAN), the software platform that
powers the trades, previously announced, in connection with its
initial public offering, that it had granted the underwriters a
30-day option to purchase additional shares of its Class A common
stock at the initial public offering price of $71.00 per share,
less underwriting discounts and commissions. Today, ServiceTitan
consummated the sale of an additional 1,320,000 shares of its Class
A common stock pursuant to the full exercise by the underwriters of
their option to purchase additional shares, resulting in total
gross proceeds of $93,720,000, before deducting underwriting
discounts and commissions.
Goldman Sachs & Co. LLC and Morgan Stanley acted as lead
book-running managers for the offering. Wells Fargo Securities and
Citigroup acted as additional book-running managers. KeyBanc
Capital Markets, Truist Securities, Canaccord Genuity, Needham
& Company, Piper Sandler, Stifel and William Blair acted as
passive bookrunners. First Citizens Capital Securities, Academy
Securities and Loop Capital Markets acted as co-managers.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on December 11,
2024. This offering was made only by means of a prospectus, copies
of which may be obtained from: Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY
10282, by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com; and Morgan Stanley & Co. LLC,
Prospectus Department, 180 Varick Street, New York, New York 10014,
or email: prospectus@morganstanley.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About ServiceTitan
ServiceTitan is the software platform that powers trades
businesses. The company’s cloud-based, end-to-end solution gives
contractors the tools they need to run and grow their business,
manage their back office, and provide a stellar customer
experience. By bringing an integrated SaaS platform to an industry
historically underserved by technology, ServiceTitan is equipping
tradespeople with the technology they need to keep the world
running.
© 2024 ServiceTitan. All rights reserved. ServiceTitan, the
ServiceTitan logo, and all ServiceTitan product and service names
mentioned herein are registered trademarks or unregistered
trademarks of ServiceTitan, Inc. in the United States and other
countries. Other brand names and marks mentioned herein are for
identification purposes only and may be the trademarks of their
respective holder(s).
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version on businesswire.com: https://www.businesswire.com/news/home/20241217504208/en/
Press Contact Max Wertheimer ServiceTitan, Inc.
press@servicetitan.com Investor Contact Jason Rechel
ServiceTitan, Inc. investors@servicetitan.com
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