Freshworks Starts Trading On Nasdaq, Valued at $13.7 Billion

Freshworks Starts Trading On Nasdaq, Valued at $13.7 Billion
B&T Magazine
Edited by B&T Magazine



Freshworks, a leading software company, has started trading on the Nasdaq Global Select Market, marking an important milestone for the company.

The company priced its IPO at US$36 per share (AU$49.76), raising about US$1 billion (AU$1.4B), resulting in a total market capitalisation of AU$13.7 billion  (US$10B).

Freshworks, which was founded in India, has strong roots in Australia, having launched in 2010 with its first ever customer being Perth-based Atwell College (still a customer today).

In this time, Freshworks opened two offices and one APAC data centre in Australia, showcasing its commitment to the region. Locally, it works with brands including Booktopia, T2, Winc AU and OfficeMax NZ.

With the listing, Freshworks will be the first B2B SaaS company founded in India to go public on the US market.

Over the last 12 months, Freshworks has seen 49 per cent YoY growth, which 4,300 employees across 16 countries

It has 52,500 customers across 120 countries, including American Express, Discover, Bridgestone, Delivery Hero, Klarna.




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Freshworks Nasdaq

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