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.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
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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