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Cloud software company ServiceTitan files to go public on Nasdaq

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ServiceTitan focuses on selling a variety of software to small companies, rather than enterprises.

ServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol"TTAN."

Based in Glendale, California, ServiceTitan offers cloud software for advertising, scheduling jobs, dispatching, producing invoices and taking payments. It had a $35.7 million net loss on $193 million in revenue in the quarter that ended on July 31, according toServiceNow's revenue growth rate will stand out for people investing in cloud stocks, who have seen rates sag with few new public companies in the sector.

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