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”Today Is A Dream Come True For Me”, Says Freshworks CEO As Company Gets Listed On Nasdaq, Shares Up 32%

''A Dream Come True'': Freshworks CEO After Company Gets Listed On Nasdaq

Team Freshworks Inc as the company gets listed on the US stock exchange

”Today is a dream come true for me,” said Freshworks Founder and Chief Executive Officer (CEO) Girish Mathrubootham after India’s first software-as-a-service (SaaS) startup tech startup got listed on US stock exchange Nasdaq. Mr Mathrubootham acknowledged the contribution of employees, partners, and investors, and took to Twitter expressing his gratitude for believing in the dream.

”Today is a dream come true for me – from humble beginnings in #Trichy to ringing the bell at @Nasdaq for the FreshWorks IPO. Thank you to our employees, customers, partners, and investors for believing in this dream,” wrote Mr Mathrubootham on Twitter.

After raising $1 billion in the initial public offering (IPO) – priced above the market range, shares of Freshworks Inc rose 32 per cent after getting listed on the US stock exchange with its market capitalization hitting $13 billion.  

The newly-listed software services company sold 28.5 million for $36 each after marketing them for $32 to $34, – a target that the company had elevated from $28 to $32.

”Welcome to the Nasdaq family, FreshworksInc! Designed with the end-user in mind, #Freshworks builds and delivers software-as-a-service that makes it easy for businesses to delight their customers and employees,” wrote Nasdaq in a tweet. 

After the COVID-19 pandemic prompted businesses to go digital, Freshworks boosted revenue about 40 per cent last year, and sales continued to grow in the first half of 2021, while its net loss reduced.


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