What price range has ServiceTitan set for its initial public stock offering, aiming to raise up to $514.2 million? With plans to allocate a significant portion of the funds for buying back shares of its nonconvertible preferred stock, what major investors are involved in this process? How does ServiceTitan differ from typical IPO fund allocations in terms of using the remaining funds post-buyback? Despite concerns over its financial performance, why is there speculation that ServiceTitan’s IPO pricing range of $52 to $57 might still create positive headlines and generate excitement for the offering? How does ServiceTitan plan to reserve 5% of its shares for key individuals and founders’ friends and family, similar to Reddit’s approach earlier this year? Ultimately, how might the outcome of ServiceTitan’s IPO performance not represent the broader tech IPO landscape?
