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ServiceTitan’s IPO keeps getting weirder | TechCrunch

On Tuesday, cloud business software provider ServiceTitan offered a price range for its initial public stock of $52 to $57 a share, with hopes to raise $446.2 million to $514.2 million at the midrange. It also made a few other interesting disclosures about what it will do with the money and who it will sell the stock to. In its latest S-1A SEC form, the company disclosed that it plans to use a big chunk of the money – about $311 million – to buy back all the shares of its non-convertible preferr...

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