ServiceTitan became the first Armenian-founded tech company to IPO on the Nasdaq Global Select Market, raising $624.8M at $71 per share. Share price grew 42% to $101 and that valued the company at over $10B!
Founded by Ara Mahdessian and Vahe Kuzoyan in 2012, ServiceTitan became a global leader providing SaaS solutions for HVAC, plumbing and electrical industries.
Congratulations to the ServiceTitan team and the entire Armenian startup ecosystem on this achievement!