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- Service Titan pops on IPO up over 40% on day 1
Service Titan pops on IPO up over 40% on day 1
$IBKR $LVS $ESTC
Market
“Service Titan, the Vertical SaaS company for mechanics went public at $71 a share and move higher to over $101 as the company raised $625 Million on its debut. ” 😊 😋
Quite day that went lower on inflation going up again
Thanks to the lukewarm inflation numbers most of the technology and other stocks went lower on the day, led by Adobe -13% on the day and $NVDA $GOOGL and $TSLA all taking a break from yesterday’s highs.
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Insights from the portfolio
Video of the day
Today’s video is on Elastic $ESTC the SaaS search and indexing company.