What ServiceTitan's Nasdaq debut signals for the IPO market in 2025

ServiceTitan (TTAN) surged over 42% in its IPO debut on the Nasdaq on Thursday, gaining from its original stock price of $71 to $101 per share. The company raised nearly $625 million in its initial public offering. Rainmaker Securities managing director Greg Martin joins Asking for a Trend to discuss what it signals for the broader IPO market.

"This is a stellar opening for ServiceTitan," Martin says, though he cautions it's an "excellent company but not a stellar company." He notes that the IPO demonstrates the market is "starved" for new issues and serves as a "benchmark for hopefully a good run for IPOs" moving forward into 2025…Watch Full Video