ServiceTitan, a Glendale tech firm that makes business management software for plumbers, painters and other contractors, announced Tuesday that it wants to raise up to $502 million in its initial public offering on the Nasdaq.

Software startup ServiceTitan is seeking a valuation of up to $5.16 billion in its U.S. initial public offering, it said on Tuesday, in what could be one of the final few flotations of the year that saw a revival in the market for new listings.

ServiceTitan Inc., a cloud-based software company focused on trade businesses, set terms for its initial public offering early Tuesday with plans to offer 8.8 million shares priced at $52 to $57 a pop.

Software startup ServiceTitan said on Tuesday it was seeking a valuation of as much as $5.16 billion in its initial public offering in the United States. The Glendale, California-based company said it plans to raise up to $502 million by offering 8.

Home service software business ServiceTitan Inc. is seeking to raise as much as $501.6 million in an initial public offering, in what could be the last major US listing of 2024.

ServiceTitan made a few interesting disclosures about what it will do with the money from its IPO and who it will sell the stock to.