ServiceTitan opens at $101 per share, well above IPO price: Here's what investors need to know
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ServiceTitan's IPO opened at $101 per share, significantly above its initial offering price. Tim Seymour from Seymour Asset Management discussed the IPO and the broader market on CNBC.
December 12, 2024 | 7:00 pm
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ServiceTitan's IPO opened at $101 per share, which is significantly higher than its initial offering price, indicating strong market demand and positive investor sentiment.
The opening price of $101 per share, which is above the IPO price, suggests strong demand and positive sentiment from investors. This is likely to drive the stock price up in the short term as it reflects confidence in the company's prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100