Salesforce rival Freshworks aims for $9-bn valuation in $912-mn US IPO

Freshworks will list its stock on the Nasdaq under the symbol "FRSH"

Freshworks Inc is aiming for a nearly $9 billion valuation in a U.S. initial public offering, according to a regulatory filing by the business and customer engagement software company on Monday.

The company, which rivals Salesforce.com Inc, said it would sell 28.5 million shares priced between $28 and $32. At the top end of the range, it will raise $912 million.

The San Mateo, California-based firm joins a slew of listings from the software and technology sector. Most such debuts have seen strong interest from market participants who expect the companies to benefit from the shift to hybrid work following the pandemic.

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