Freshworks became the first Indian-origin software startup to list on the Nasdaq stock exchange following a billion-dollar initial public offering. The company raised over $1.03 billion in its IPO.
The company had hiked the price of its individual shares to $36 per share from $32-34 per share a few days ago and $28-32 per share till last week owing to a strong investor interest. At the current list price, the company has attained a market cap of well over $10 billion as opposed to the $9 billion valuation it was seeking earlier.
