ServiceTitan shares rose 42% in its debut

Shares of software provider Service Titan closed their debut 42 percent higher in New York, concluding the US calendar of big public listings with an encouraging sign for 2025.

The loss-making group, which provides traders with services such as scheduling and advertising, raised $625 million selling shares at $71 per share, after it raised its initial price range – and then priced above the updated range.

Companies raised more than $30 billion by going public on US stock exchanges this year, up 50 percent from last year.

However, most of them have been profitable mature companies, so signs of sustained investor appetite for early-stage growth companies like ServiceTitan could encourage more IPOs in 2025.