Shares in software provider ServiceTitan jumped 42% in its New York debut, capping off a schedule of major U.S. public listings and sending an encouraging signal for 2025.
The loss-making group, which provides services such as scheduling and advertising to business people, raised $625 million by selling shares at $71 a share after raising its initial price range and then pricing itself above the updated price range.
This year, the company has raised more than $30 billion by listing on U.S. exchanges, a 50% increase from last year.
However, most are profitable, mature companies, so signs of continued investor interest in early-stage growth companies like ServiceTitan could encourage more 2025 IPOs.
