DarwinNg
2021-08-30
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Salesforce competitor Freshworks files for U.S. IPO
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The company has filed to list on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> underthe ticker \"FRSH.\"</p>\n<p>Freshworks, which has about 52,500 customers, said revenue for the six months ended June 30 rose 53% to $168.9M, according to the the filing. Its net loss for the six months ended June 30 narrowed to $9.8M from $57.1M in the year-earlier period.</p>\n<p>In late April, Reuters reported that Freshworks hired banks for a potential IPO that could value the company at about $10B.</p>\n<p>San Mateo, California-based Freshworks is backed by investors including Sequoia Capital, Tiger Global, Accel and CapitalG.</p>\n<p>Freshworks intends to use the proceeds for general corporate purposes, including working capital, operating expenses, and capital expenditures.</p>\n<p>Freshworks competitors include Salesforce (CRM), <a href=\"https://laohu8.com/S/ZEN\">Zendesk</a>(NYSE:ZEN), <a href=\"https://laohu8.com/S/ORCL\">Oracle</a>(NYSE:ORCL)and SAP(NYSE:SAP)as well as <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>(NYSE:NOW), Atlassian(NASDAQ:TEAM)<a href=\"https://laohu8.com/S/HUBS\">HubSpot</a>(NYSE:HUBS)and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Dynamics(NASDAQ:MSFT).</p>\n<p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>, JPMorgan and BofA are the lead underwriters for the IPO.</p>\n<p>In June,Monday.com’s stock soared after the IPO valued the workplace-software firm at $6.8B.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Its net loss for the six months ended June 30 narrowed to $9.8M from $57.1M in the year-earlier period.\nIn late April, Reuters reported that Freshworks hired banks for a potential IPO that could value the company at about $10B.\nSan Mateo, California-based Freshworks is backed by investors including Sequoia Capital, Tiger Global, Accel and CapitalG.\nFreshworks intends to use the proceeds for general corporate purposes, including working capital, operating expenses, and capital expenditures.\nFreshworks competitors include Salesforce (CRM), Zendesk(NYSE:ZEN), Oracle(NYSE:ORCL)and SAP(NYSE:SAP)as well as ServiceNow(NYSE:NOW), Atlassian(NASDAQ:TEAM)HubSpot(NYSE:HUBS)and Microsoft Dynamics(NASDAQ:MSFT).\nMorgan Stanley, JPMorgan and BofA are the lead underwriters for the IPO.\nIn June,Monday.com’s stock soared after the IPO valued the workplace-software firm at $6.8B.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/811939754"}
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