ServiceTitan Announces Closing of Underwriters' Option to Purchase Additional Shares
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ServiceTitan, Inc. (NASDAQ: TTAN) has completed the sale of an additional 1,320,000 shares of its Class A common stock as part of its initial public offering, following the exercise of the underwriters' option.
December 17, 2024 | 9:15 pm
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ServiceTitan has completed the sale of an additional 1,320,000 shares of its Class A common stock at the IPO price of $71.00 per share, following the exercise of the underwriters' option.
The sale of additional shares increases the supply of ServiceTitan's stock, which could put downward pressure on the stock price in the short term. However, the successful completion of the sale at the IPO price indicates strong demand, which may mitigate the negative impact.
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IMPORTANCE 80
RELEVANCE 100