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.

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.

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.

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.

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.