Here We are giving how India first Saas Freshworks IT company IPO Nasdaq listed in Stock Market in America.
This week Wednesday, FreshWorks IPO has listed on the Nasdaq Global Stock Market. First US stock exchange company from Saas as based on Indian market history.
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Freshworks launched IPO to listing and said it has created 500 millionaires in india from its. The investors who placed bets in this IPO have made tremendous profits with the listing on the stock exchange. Shares of freahworks software tech company closed on Wednesday at $47.55 in New York trading, and makes history to making valuation of $13 Billion market .
Saas Freshworks IT company History :
Freshworks is a company works on cloud-based software and this company has a product suite ranging from sales CRM software to recruitment tools and customer-support helpdesk software.
founded- in Chennai in India in 2010 by Girish Mathrubhumi and Shaan Krishnasamy. This company moved to Silicon Valley. Freshworks has 4,300 employees globally and 76 percent of its employees hold shares in the company
Freshworks was the first Indian SaaS IT company to achieve a Billion market valuation, in 2019.
The company had fixed a price of $ 36 per share for its IPO. Trading in the shares of Freshwork will start from Wednesday according to US time. The symbol of the company is “FRSH”.
A notice sent to the US Securities and Exchange Commission (SEC), Freshwork said it plans to offer 28.5M Category A common shares at A maximum price list of of $32 per share. Freshworks already decided a target plan of raising $ 912 million in the US stock exchange through IPO. India first Saas Freshworks IT company IPO Nasdaq listed in Stock Market in America.
Here Is How company IPO Nasdaq listed in Stock Market :
In Early 2010 Girish Mathrubootham decided to start his entrepreneurial journey. Shan Krishnasamy too decided to join this venture as a co-founder. After Mathrubootham and Krishnasamy resigned from Zoho Corp. from March 2011 Created a team of six people — three developers, one UI/UX designer, one customer acquisition/support engineer and Mathrubootham himself as product manager and CEO. At August 2015 company crossed 50,000 customers.
| Year and Month | Funding and Raising |
| December 2011 | Raised $1 million in a funding* round led by Accel. |
| August 2015 | Acquired co-browsing and live video chat provider 1CLICK.io. This was Freshdesk’s first acquisition. |
| November 2019 | Freshworks valued at $3.5 billion, after raising $150 million. |
| August 2021 | Freshworks filed for $100 million IPO in USA |
| September 2021 | Freshworks made its debut on Nasdaq and its valuation touched $13billion. |