Reddit, founded by Diaspora Armenian Alexis Ohanian, raised about $520 million in its IPO last Wednesday.
The social media company that hosts millions of online forums and makes money primarily through advertising, had priced its IPO at $34 - the top of the previously anticipated range - indicating healthy demand for what was arguably the most anticipated IPO of 2024 so far.
Read more about Reddit and positive signs of the US IPO market here.
https://t.me/threenstartups
#reddit #exit #ipo #successstory
The social media company that hosts millions of online forums and makes money primarily through advertising, had priced its IPO at $34 - the top of the previously anticipated range - indicating healthy demand for what was arguably the most anticipated IPO of 2024 so far.
Read more about Reddit and positive signs of the US IPO market here.
https://t.me/threenstartups
#reddit #exit #ipo #successstory
Statista Daily Data
Infographic: U.S. IPO Market Continues Gradual Recovery in 2024
This chart shows the number of IPOs and total proceeds in the United States.
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ServiceTitan Files for IPO ⚡
Yesterday, ServiceTitan filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).
The company plans to list its shares on the Nasdaq Global Select Market under the ticker ‘TTAN.’
Founded in 2012 by first-generation Diaspora Armenians Ara Mahdessian and Vahe Kuzoyan, ServiceTitan is a California-based cloud platform specializing in software solutions for trade businesses, particularly contractors in HVAC, plumbing, and electrical services.
ServiceTitan, valued at $9.5 billion following its 2021 funding round, has more than 12,000 customers and more than 3500 employees across Glendale, Atlanta, and Yerevan.
What a week for the Armenian startup ecosystem!
👏 Congratulations to ServiceTitan for achieving this milestone and we look forward to hearing next steps from this process!
Photo & Information Source: Zartonk Media
#ServiceTitan #IPO #SuccessStory
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🔥 Join 3N to stay on top of startup news
Yesterday, ServiceTitan filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).
The company plans to list its shares on the Nasdaq Global Select Market under the ticker ‘TTAN.’
Founded in 2012 by first-generation Diaspora Armenians Ara Mahdessian and Vahe Kuzoyan, ServiceTitan is a California-based cloud platform specializing in software solutions for trade businesses, particularly contractors in HVAC, plumbing, and electrical services.
ServiceTitan, valued at $9.5 billion following its 2021 funding round, has more than 12,000 customers and more than 3500 employees across Glendale, Atlanta, and Yerevan.
What a week for the Armenian startup ecosystem!
👏 Congratulations to ServiceTitan for achieving this milestone and we look forward to hearing next steps from this process!
Photo & Information Source: Zartonk Media
#ServiceTitan #IPO #SuccessStory
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🔥 Join 3N to stay on top of startup news
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🚀 ServiceTitan Makes History! 🇦🇲
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!
#ServiceTitan #IPO #SuccessStory #Exit
Photo & Text Credit: Zartonk Media
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🔥 Join 3N to stay on top of startup news
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!
#ServiceTitan #IPO #SuccessStory #Exit
Photo & Text Credit: Zartonk Media
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🔥 Join 3N to stay on top of startup news
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