Freshworks Seeks $9.6B Valuation In Upsized US IPO

  • Customer relationship management (CRM) solution provider Freshworks Inc FRSH now plans to sell 28.5 million shares for $32 - $34 per share in an upsized initial public offering
  • The Salesforce.com Inc CRM rival could gross maximum offering proceeds of $969 million.
  • The transaction could value Freshworks at 9.6 billion based on the expected 281.4 million Class A and Class B shares outstanding after this offering.
  • Freshworks previously planned to sell the shares at $28 - $32 per share.
  • Freshworks aims to list its stock on the NASDAQ under the symbol "FRSH."
  • Related Content: Restaurant Software Maker Toast Targets $18B Valuation In Upsized US IPO
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsIPOsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!