(Reuters) – Software startup ServiceTitan said on Tuesday it was seeking a valuation of as much as $5.16 billion in its initial public offering in the United States.
The Glendale, California-based company said it plans to raise up to $502 million by offering 8.8 million shares priced between $52 and $57 each.
ServiceTitan will join a handful of venture capital-backed firms, including social media platform Reddit and cybersecurity software firm Rubrik, that have gone public this year.
Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup are leading a 14-firm underwriting syndicate.
ServiceTitan will list on the Nasdaq under the symbol “TTAN.”
(Reporting by Arasu Kannagi Basil and Jaiveer Shekhawat in Bengaluru; Editing by Anil D’Silva and Saumyadeb Chakrabarty)
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