Freshworks Seeks $9.6B Valuation In Upsized US IPO

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."
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Posted In: BriefsNewsIPOsTech