Freshworks aims for nearly $9 billion valuation in US IPO

Techcrunch2021-09-14

Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its U.S. initial public offering, in which it is hoping to raise over $800 million. The California-based firm, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ValuInvestor
2021-09-14
ValuInvestor
Looking forward to it. Hope it is at a reasonable price
Justinjj
2021-09-14
Justinjj
Good
Permapurps
2021-09-14
Permapurps
Like n comment pls
- kelvinseech:
  nice
- dzgunners95:
  nice
PowerTrade
2021-09-14
PowerTrade
Ok
heyjules
2021-09-14
heyjules
Like pls
- ShenSiang:
  Done
- Permapurps:
  Done

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1107379233?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-14 10:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1107379233","market":"us","top_or_hot":-1,"title":"Freshworks aims for nearly $9 billion valuation in US IPO","media":"Techcrunch","content":"<div>\n<p>Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its U.S. initial public offering, in which it is hoping to raise over $800 million.\nThe California-based firm, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/freshworks-aims-nearly-9-billion-122750106.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Freshworks aims for nearly $9 billion valuation in US IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFreshworks aims for nearly $9 billion valuation in US IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 10:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/freshworks-aims-nearly-9-billion-122750106.html><strong>Techcrunch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its U.S. initial public offering, in which it is hoping to raise over $800 million.\nThe California-based firm, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/freshworks-aims-nearly-9-billion-122750106.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://finance.yahoo.com/news/freshworks-aims-nearly-9-billion-122750106.html","article_id":"1107379233","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107379233","pubTimestamp":1631587068,"columns":[],"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its U.S. ini","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index","FRSH":"Freshworks"},"translate_title":"Freshworks计划在美国IPO估值近90亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".SPX":0.9,"FRSH":0.9},"content_text":"Freshworks disclosed on Monday that it is aiming for a valuation of up to $9 billion in its U.S. initial public offering, in which it is hoping to raise over $800 million.\nThe California-based firm, which started its journey in India and rivals Salesforce, said it plans to sell 28.5 million shares at a price range of $28 to $32. If the firm is able to sell its shares at the top range, it will raise $912 million. Freshworks had originally filed paperwork for its IPO in late August, but hadn't disclosed several figures.\nThe 11-year-old firm was last valued at $3.5 billion in a financing round in November 2019. The startup considered raising a pre-IPO round earlier this year at a valuation of over $5 billion but decided against it, a person familiar with the matter told TechCrunch.\nFreshworks, which counts Accel, Sequoia Capital India, Tiger Global and CapitalG among its existing investors, develops and offers a variety of business software tools, from CRM to help-desk software. In recent years, it has built an enterprise SaaS platform to give customers a set of integrated business tools and aggressively pursued broadening its products offering.\nThe startup, which has applied to list its shares on Nasdaq under the symbol FRSH, serves over 50,000 customers, and its revenue in the first six months of the year grew to $169 million, up from $111 million during the same period last year. At the same time, its net loss dropped to $9.8 million from $57 million a year ago.\n\"First, based on industry research from International Data Corporation (IDC), we believe we have a large addressable market of approximately $120 billion,\" the firm said in an updated S-1 filing on Monday.\n\"Second, based on our internal data and analysis, we estimate the annual potential market opportunity for our products to be $77 billion. [...] We expect our estimated market opportunity will continue to expand as customers onboard more or expand usage of our products, increasing the weighted average ARR per customer for use of our products.\"\nTechCrunch recently spoke with Freshworks co-founder and chief executive Girish Mathrubootham about the business. Mathrubootham is one of the most respected entrepreneurs in India. Along with three friends, Mathruboothamlaunched an $85 million venture fundin late July this year to back early-stage SaaS startups in the world's second-largest internet market.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":886219725,"gmtCreate":1631593618767,"gmtModify":1676530584979,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4087361572396550","authorIdStr":"4087361572396550"},"htmlText":"Looking forward to it. &nbsp;Hope it is at a reasonable price","listText":"Looking forward to it. &nbsp;Hope it is at a reasonable price","text":"Looking forward to it. Hope it is at a reasonable price","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886219725","repostId":1107379233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886675511,"gmtCreate":1631590219933,"gmtModify":1676530584128,"author":{"id":"4093316039832790","authorId":"4093316039832790","name":"Justinjj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093316039832790","authorIdStr":"4093316039832790"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886675511","repostId":1107379233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886654992,"gmtCreate":1631588516516,"gmtModify":1676530583573,"author":{"id":"3576141127250570","authorId":"3576141127250570","name":"Permapurps","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576141127250570","authorIdStr":"3576141127250570"},"htmlText":"Like n comment pls","listText":"Like n comment pls","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/886654992","repostId":1107379233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5861904,"gmtCreate":1631590335708,"gmtModify":1663233852432,"authorId":3577464386301571,"author":{"id":3577464386301571,"idStr":"3577464386301571","authorId":3577464386301571,"name":"kelvinseech","avatar":"https://static.tigerbbs.com/fa4b33df37044967fd669e37ffd98983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886654992,"type":1,"supId":5861631,"prevId":0,"content":"nice","text":"nice","html":"nice"},{"id":5861631,"gmtCreate":1631588744476,"gmtModify":1663233849027,"authorId":3563319809929304,"author":{"id":3563319809929304,"idStr":"3563319809929304","authorId":3563319809929304,"name":"dzgunners95","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886654992,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":886659067,"gmtCreate":1631587794359,"gmtModify":1676530583389,"author":{"id":"3586141073754906","authorId":"3586141073754906","name":"PowerTrade","avatar":"https://static.tigerbbs.com/654a45b6f93ba0e4b1e1778ac7b45526","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586141073754906","authorIdStr":"3586141073754906"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886659067","repostId":1107379233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":886628667,"gmtCreate":1631587371459,"gmtModify":1676530583241,"author":{"id":"3582004437679142","authorId":"3582004437679142","name":"heyjules","avatar":"https://static.tigerbbs.com/81e1cae988364e940d10f9b4cea87831","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582004437679142","authorIdStr":"3582004437679142"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/886628667","repostId":1107379233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5861404,"gmtCreate":1631587546344,"gmtModify":1663233849641,"authorId":3571199921041604,"author":{"id":3571199921041604,"idStr":"3571199921041604","authorId":3571199921041604,"name":"ShenSiang","avatar":"https://static.tigerbbs.com/1f4f1e93da6d6ca9664728e4cfc578bb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886628667,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":5861600,"gmtCreate":1631588522779,"gmtModify":1663233848962,"authorId":3576141127250570,"author":{"id":3576141127250570,"idStr":"3576141127250570","authorId":3576141127250570,"name":"Permapurps","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886628667,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":44,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1107379233"}