Freshworks amends IPO price band; looks to raise $969 mn

© Provided by The Times of India

Chennai: Freshworks on Monday raised its target price range for a US IPO taking the total target fundraise to $969 million from $912 million earlier. The SaaS company filed an amendment to its prospectus on Monday raising the target price band for its fresh shares issue as $32 to $34 per share, up from $28 to $32 per share.

The Nasdaq website also mentions that the Freshworks IPO is expected to open on September 22 and the company will list its stock on the exchange under the symbol ‘FRSH’.

The change in price band translates to the Chennai and California based company raising around $969 million at the top end of its new price range.

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