ServiceTitan is set to begin trading today on the Nasdaq under the ticker symbol "TTAN" following an 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) that was priced above the c🍸ompany's ꦐexpectations.

The provider of software services for trades businesses sold 8.8 million shares at $71 each, above its 澳洲幸运5官方开奖结果体彩网:updated estimate of $65 to $67 per share. Last week, ServiceTitan anticipated a sale price of $52 to $57 per share.

ServiceTitan Valued About $6.3B at IPO Price

At the new ☂price, the IPO raised nearly $625 million, and valued the company at $6.3 b🍬illion.

In addition to yesterday's sale, ServiceTitan is offering the underwriters a 30-day option to purchase an additional 1.32 million shares at the $71 price. 

Co-founders Ara Mahdessian, who is also CEO, and Vahe Kuzoyan are scheduled to be at the market site to ring the closing bell. They launched ServiceTitan in 2012 as a way to help their immigrant parents run their trade businesses. They now report having approximately 8,000 active customers.