(Reuters) – Software (ETR:SOWGn) startup ServiceTitan is seeking a valuation of $5.95 billion in its U.S. initial public offering by raising the price at which it plans to sell shares, it said on Tuesday.
The company said it would still sell 8.8 million shares but at a raised price range of $65 to $67 each, which would fetch it up to $589.6 million, compared with the $502 million it would have raised at the earlier price band.
Glendale, California-based ServiceTitan will join a handful of venture capital-backed firms, including social media platform Reddit and cybersecurity software firm Rubrik, which have all gone public this year.
ServiceTitan will be listed on the Nasdaq under the symbol “TTAN.”
Goldman Sachs, Morgan Stanley (NYSE:MS), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C) are leading a 14-firm underwriting syndicate.
