** Software startup ServiceTitan TTAN.O set to soar in Nasdaq debut on Thurs after IPO exceeds expectations
** TTAN shares recently indicated to open at $103 vs $71 IPO price
** Glendale, California-based firm sold 8.8 mln shares above already upwardly revised range of $65-$67 for ~$625 mln raise
** Co had originally targeted price range of $52-$57
** The U.S. IPO market has revived this year with major indexes hitting record highs amid the Fed's rate-cut cycle
** Founded in 2012 by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan has become a dominant player in a niche market, making software used by more than 11,800 businesses that are run by technicians serving the heating, ventilation and air-conditioning sectors
** For the six months ended July 31, co reported a loss of $86 mln vs $99 mln loss in yr-ago period, while rev increased ~24% y/y to $363 mln (Click here for SEC prospectus filing)
** Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup leading 14-firm underwriting syndicate for the IPO
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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