Shares of ServiceTitan rose about 42% in their US market debut, giving the cloud-based software company a valuation of $8.97 billion.
The company's shares opened at $101 apiece in their Nasdaq debut, compared with the initial public offering price of $71.
Strong equity markets, the prospect of lower interest rates and expectations of a soft landing for the economy have bolstered investor confidence in the US IPO market this year.
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