ServiceTitan, Aspire Software's parent company, has launched the roadshow for its proposed initial public offering of its Class A common stock.
ServiceTitan has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to offer an aggregate of 8,800,000 shares of its Class A common stock to the public. In addition, ServiceTitan intends to grant 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 initial public offering price is expected to be between $52.00 and $57.00 per share. ServiceTitan has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “TTAN.”
Goldman Sachs & Co. and Morgan Stanley will act as lead book-running managers for the proposed offering. Wells Fargo Securities and Citigroup will act as additional book-running managers. KeyBanc Capital Markets, Truist Securities, Canaccord Genuity, Needham & Company, Piper Sandler, Stifel and William Blair will act as passive bookrunners. First Citizens Capital Securities, Academy Securities and Loop Capital Markets will act as co-managers.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; and Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: prospectus@morganstanley.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
