ServiceTitan Raises $625 Million in IPO Priced Above Range

Home repair software business ServiceTitan Inc. priced its shares above a marketed range to raise $624.8 million in what could be the last major US initial public offering of the year.

The Glendale, California-based company sold 8.8 million shares for $71 each after marketing them for $65 to $67 apiece, according to a statement. The pricing gives ServiceTitan a market value of close to $6.3 billion based on the outstanding shares listed in itsfilings with the US Securities and Exchange Commission.

Including employee stock options and restricted stock units, ServiceTitan’s fully diluted valuation is nearer to $7 billion. That ...