Latham & Watkins Represents ServiceTitan in US$624.8 Million IPO

ServiceTitan, Inc., the software platform that powers the trades, has announced the pricing of its initial public offering of 8,800,000 shares of its Class A common stock, at a public offering price of US$71 per share. In addition, ServiceTitan has granted the underwriters a 30-day option to purchase up to an additional 1,320,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market on December 12, 2024, under the ticker symbol “TTAN.” The offering is expected to close on December 13, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents ServiceTitan in the offering with a corporate team led by Bay Area partners Tad Freese and Sarah Axtell, with associates Josh Landis, Thalia Garcia, Cameron Koob, and Yong Jae Kim. Advice was also provided on benefits matters by Bay Area partner Jay Metz, with associate Mary Daniel Morgan; on tax matters by Bay Area partner Grace Lee, with associate Rasha Suleiman; on intellectual property matters by Bay Area partner Anthony Klein, with associates Amy Tosi, Julian Savelski, and Gaby Forte; and on data privacy matters by Bay Area partner Robert Blamires and London counsel Danielle van der Merwe, with associates Kathryn Parsons-Reponte, Victoria Wan, and Priyanka Krishnamurthy.