Investor Shifts Focus to IPO Market Amid Thawing Freeze, Highlights ServiceTitan’s Potential
The IPO market, long dormant, is showing signs of renewed vigor as investor appetite for newly listed shares grows. Recent months have seen a flurry of companies going public, with ServiceTitan emerging as a standout. The cloud-based software provider for trades industries—spanning HVAC, plumbing, and electrical services—has captured attention with its vast addressable market.
ServiceTitan's $1.5 trillion U.S. trades industry opportunity is underscored by its current penetration of just $75 billion in customer revenue. With annual revenue below $900 million, the company's growth runway appears extensive. Its IPO late last year marked a strategic entry point for investors eyeing scalable SaaS models in underserved sectors.