(Reuters) -ServiceTitan on Monday revealed higher revenue and a smaller loss for the quarter ended July, as the software startup prepares for a U.S. listing that would extend the recovery in IPOs.

The Glendale, Calif.-based company joins a host of high-profile startups looking to go public as strengthening bets on a soft landing for the U.S. economy improve investor confidence.

Swedish Buy Now, Pay Later platform Klarna and Genesys, a developer of AI-powered call center software, are also among the major tech companies moving toward a U.S. listing.

Founded in 2012 by Ara Mahdessian and Vahe Kuzoyan, ServiceTitan has established itself as a leading player in a niche market, producing software used by technician-led businesses in the HVAC (heating, ventilation and air conditioning) sector.

The company was valued at $9.5 billion after a funding round led by Thoma Bravo in 2021. Its investors include Battery Ventures, Bessemer Venture Partners and ICONIQ Growth.

Its business was boosted by the COVID-19 pandemic, which boosted demand for home improvement services. This led the company to confidentially file for an IPO in early 2022, Reuters reported last year.

The company reported a loss of $35.65 million for the quarter ended July 31, compared with a loss of $51.54 million a year earlier. Its revenue increased 23.7% to $192.99 million during the period.

ServiceTitan expects its shares to trade on Nasdaq under the symbol “TTAN.”

Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup are the lead underwriters of the offering.

The company will allow certain eligible customers, friends and family members of its co-founders to purchase shares in the IPO.

It plans to use a portion of the proceeds to repurchase certain preferred shares and the remainder for general business purposes.

(Reporting by Prakhar Srivastava and Manya Saini in Bangalore; Editing by Shilpi Majumdar)