Servicetitan Soars 46% in Nasdaq Debut as IPO Well Received
Servicetitan Soars 46% in Nasdaq Debut as IPO Well Received
The U.S. IPO market has been revived this year with major stock indexes hitting record highs amid the Fed's rate-cut cycle. $ServiceTitan (TTAN.US)$ shares are up 46% after its Nasdaq debut exceeded expectations.
$ServiceTitan (TTAN.US)$ 在首次納斯達克上市後，TTAN的股票上漲了46%。
TTAN opened at $101 vs $71 IPO price, valuing the company at about $9 billion.
TTAN的開盤價爲$101，而IPO價格爲$71，公司的估值約爲$90億。
The Glendale, California-based company had a $625 million raise, after originally targeting range of $52-$57.
這家位於加州格倫代爾的公司籌集了$62500萬，最初目標區間爲$52-$57。
The U.S. IPO market has been revived this year with major stock indexes hitting record highs amid the Fed's rate-cut cycle.
由於聯儲局減息週期的推動，美國IPO市場在今年復甦，主要股指創下歷史新高。
Founded in 2012 by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan has become a dominant player in a niche market, making software used by more than 11,800 businesses that are run by technicians serving the heating, ventilation and air-conditioning sectors.
ServiceTitan成立於2012年，由阿拉·馬赫德西安和瓦赫·庫佐揚創辦，已成爲這一細分市場的主導者，爲超過11,800家由技術人員經營的企業提供軟件，服務於供熱、通風和空調領域。
For the six months ended July 31, the company reported a loss of $86 mln vs $99 mln loss in yr-ago period, while revenue increased ~24% y/y to $363 mln.
截至7月31日的六個月內，該公司報告虧損8600萬美元，而去年同期虧損9900萬美元，而營業收入同比增長約24%，達3.63億美元。
Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup led the 14-firm underwriting syndicate for the IPO.
高盛、摩根士丹利、富國銀行和花旗集團領導了該IPO的14家承銷商財團。
Renaissance IPO Index .FTIPOUSA, which tracks the performance of high-profile listings, has gained ~23% YTD.
文藝復興首次公開募股指數 .FTIPOUSA，跟蹤高調上市的表現，目前年初至今上漲了約23%。
