ServiceTitan made a few interesting disclosures about what it will do with the money from its IPO and who it will sell the stock to.

ServiceTitan, a Glendale tech firm that makes business management software for plumbers, painters and other contractors, announced Tuesday that it wants to raise up to $502 million in its initial public offering on the Nasdaq.

ServiceTitan Inc., a cloud-based software company focused on trade businesses, set terms for its initial public offering early Tuesday with plans to offer 8.8 million shares priced at $52 to $57 a pop.