ServiceTitan ($TTAN) Files for IPO, Reporting $800M ARR, 25% Growth, and 10,000 Customers

ServiceTitan, a vertical software company, has filed for an initial public offering (IPO), marking it as the third Software as a Service (SaaS) company to do so this year. The company is reported to have an annual recurring revenue (ARR) of approximately $800 million, with a year-over-year growth rate of 25%. As of the latest updates, ServiceTitan has nearly 10,000 customers. The IPO is anticipated to take place in the coming weeks, and its performance is expected to serve as a benchmark for other upcoming SaaS IPOs. The company's implied ARR is noted to be around $772 million, reflecting a growth rate of 24% year-over-year.