Intriguing IPOs: ServiceTitan (TTAN) and Anteris Technologies Global (AVR)
The tradespeople SaaS company and the medical device manufacturer have some good qualities, but big warts as well.
Earlier in the year, I really thought the 2024 IPO market was going to be good for investors. Higher-for-longer interest rates, longer holding periods for private equity, and a couple of other factors made me think that 2024 would finally be the year that a slew of higher-quality offerings would be on the table.
That narrative quickly petered out. So much for predictions.
There have been a fair share of companies going public in the second half of the year, but I can’t say many had prospectuses what jumped off the page.
With the year winding down, a couple of companies set to IPO this week appear worthy of a follow up: ServiceTitan (NASDAQ: TTAN) and Anteris Technologies Global (NASDAQ: AVR).
Both of these companies are in my investing blindspots. A software-as-a-service company specializing in productivity application for people in the trades and a medical device startup company. I know that I have likely missed several good opportunities because I didn’t have the reps in these respective industries, so I’m going to step out of my comfort zone a little and peek under the hood at these two IPOs.
Let’s dig in…
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