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Fortune

Allie Garfinkle

ServiceTitan shares soar 40% after IPO, defying market drought that its founders say can be overcome by companies with 'durability'

ServiceTitan IPO Drought Fortune fintech Index Ventures

(Credit: Michael M. Santiago/Getty Images)

In one of 2024’s few tech IPOs, ServiceTitan’s shares jumped nearly 40% as it began trading.

The company’s stock, initially priced at $71, opened at $101, placing ServiceTitan’s valuation at nearly $9 billion. Its shares closed at $100.90.

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