Fifth Wall reposted this
Wow! What a opening day for one of Fifth Wall ‘s largest investments ServiceTitan ! ServiceTitan closed up 42% on its opening day of trading and raising $625 million…..a big validation of (I hope) the IPO window re-opening for Proptech companies! WHY THIS MAKES ME HOPEFUL: In a 15 month period starting in 2020, Fifth Wall had 6 IPOs of its portfolio companies, returning over $600 million of profit to our investors. It was an amazing time for proptech. Since then, the IPO window for Proptech companies has been almost entirely shut. Now, having one of the largest Proptech companies and one of Fifth Wall ‘s largest investments perform this well on opening day is a much needed beacon of hope for proptech, for public tech equities and for private venture capital markets. The whole team at Fifth Wall is so excited about this IPO and amazing work Jon Hong and Steve Wu on finding this amazing business!
Huge congrats to you, Ilya Golubovich and of course founders for their incredible execution! What an amazing success story in every way. Also huge W for LA tech.
Wanted to give a HUGE thanks and kudos to Jon Hong Steve Wu and Virginia Drennen for being fantastic partners through it all, from providing guidance to connecting the ServiceTitan team to other portfolio companies for partnership opportunities as well as learnings. You all have been fantastic! 👏
Impressive!! Well done.
This could really signal a positive shift for the Proptech sector. Exciting times ahead! 😊
Congrats! Hope you don't have too many Companies stuck in this bermuda triangle I describe here: https://www.linkedin.com/posts/pascallevygarboua_servicetitan-ttan-is-going-public-today-activity-7272981445940252672-T6ty
Congrats Brendan Wallace!
Congrats Brendan! I appreciate what Fifth Wall is doing for the PropTech sector!
Congrats Brendan! Way to help open the IPO window 🚀
Good work!
CEO & CIO at Fifth Wall
1whttps://www.bloomberg.com/news/articles/2024-12-12/servicetitan-shares-soar-42-in-blockbuster-market-debut?embedded-checkout=true