ServiceTitan’s IPO keeps getting weirder

Quick Summary:

ServiceTitan is setting aside 5% of its shares to sell to friends and family of the founders and, it clarified, to certain C-suite decision makers of its customers.

In that vein, ServiceTitan also clarified better who will be eligible to buy stock in its direct share program.

In this case, ServiceTitan says it will use whatever is leftover as working capital for the company or other corporate uses.

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Article Details

Author / Journalist: Julie Bort

Category: Technology

Markets: United States

Topics: IPOs Term sheet Servicetitan Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 22:01:21 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 776 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24102780

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