Freshworks prices IPO at $ 36 per share, to raise over $1 bn via US listing

Freshworks will become the first Indian-origin software products startup to list on the US stock exchanges

Software-as-a-service (SaaS) company Freshworks on Wednesday announced that the company has priced its initial public offering at $36 per share. At the current price, it may raise around $1.03 billion from the offering, taking its valuation to over $10.13 billion.

The shares are expected to begin trading on the Nasdaq Global Select Market under the symbol “FRSH” on September 22, 2021, and the offering is expected to close on September 24, subject to customary closing conditions. In addition, Freshworks has granted the underwriters a 30-day option to purchase up to an additional 28.5 million shares of Class A common stock