ServiceTitan Files S-1/A for Public Offering

TL;DR

ServiceTitan just filed its 2nd amendment for its IPO. Get ready.

AI Summary

ServiceTitan, Inc. filed an S-1/A on December 10, 2024, as Amendment No. 2 to its registration statement. The filing indicates the company is preparing for a public offering of its securities, with the exact date of commencement to be determined. The company's principal executive offices are located at 800 N. Brand Blvd., Suite 100, Glendale, California.

Why It Matters

This filing is a crucial step for ServiceTitan as it moves towards becoming a publicly traded company, which could impact its valuation, access to capital, and competitive landscape.

Risk Assessment

Risk Level: medium — As a pre-IPO filing, the company's financial performance and future prospects are still subject to market conditions and execution risks.

Key Players & Entities

• ServiceTitan, Inc. (company) — Registrant
• December 10, 2024 (date) — Filing date
• 800 N. Brand Blvd., Suite 100, Glendale, California 91203 (location) — Principal executive offices
• Ara Mahdessian (person) — Chief Executive Officer
• Latham & Watkins LLP (company) — Legal counsel
• Wilson Sonsini Goodrich & Rosati, P.C. (company) — Legal counsel

FAQ

Key Financial Figures

• $65.00 — ffering price per share will be between $65.00 and $67.00. We have applied to list our
• $67.00 — ce per share will be between $65.00 and $67.00. We have applied to list our Class A co
• $685M — Table of Contents Table of Contents $685M $628 >95% Revenue for the 12 months end
• $628 — of Contents Table of Contents $685M $628 >95% Revenue for the 12 months ended Ju
• $51.5 million — s of July 31, 2024. 3. Our net loss was $51.5 million and $35.7 million for the three months
• $35.7 million — . 3. Our net loss was $51.5 million and $35.7 million for the three months ended July 31, 202
• $1 billion — ith a few employees to others with over $1 billion in annual gross transaction volume. Alo
• $1.5 — o as end customers, spend approximately $1.5 trillion annually on trades services fo

Filing Documents

• d577298ds1a.htm (S-1/A) — 3596KB
• d577298dex102.htm (EX-10.2) — 243KB
• d577298dex103.htm (EX-10.3) — 84KB
• d577298dex1011.htm (EX-10.11) — 47KB
• d577298dex231.htm (EX-23.1) — 1KB
• d577298dexfilingfees.htm (EX-FILING FEES) — 21KB
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• 0001193125-24-273906.txt ( ) — 17513KB

RISK FACTORS

RISK FACTORS 32 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 77 INDUSTRY, MARKET AND OTHER DATA 79

USE OF PROCEEDS

USE OF PROCEEDS 81 DIVIDEND POLICY 82 CAPITALIZATION 83

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 92

BUSINESS

BUSINESS 124 MANAGEMENT 159

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 167 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 182 PRINCIPAL STOCKHOLDERS 189

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 193 DESCRIPTION OF CERTAIN INDEBTEDNESS 203 SHARES ELIGIBLE FOR FUTURE SALE 205 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS 210

UNDERWRITING

UNDERWRITING 214 LEGAL MATTERS 221 EXPERTS 221 WHERE YOU CAN FIND ADDITIONAL INFORMATION 221 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 Through and including , 2025 (the 25 th day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to a dealers obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription. Neither we nor any of the underwriters have authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectuses we have prepared. Neither we nor any of the underwriters take responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date, regardless of the time of delivery of this prospectus or of any sale of our Class A common stock. For investors outside the United States: Neither we nor any of the underwriters have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of our Class A common stock and the distribution of this prospectus outside the United States. Table of Contents PROSPECTUS SUMMARY This summary highlights selected information that is presented in greater detail elsewhere in this prospectus. This summary does not contain all of the infor

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