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    DHER   DE000A2E4K43

DELIVERY HERO SE

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Freshworks raises U.S. IPO price range, targets nearly $10 billion valuation

09/20/2021 | 11:19am EDT
FILE PHOTO: A man types into a keyboard during a convention in Las Vegas

(Reuters) -Freshworks Inc on Monday raised its target price range for a U.S. initial public offering, which could bring up the valuation of the business and customer engagement software company to nearly $9.6 billion.

The San Mateo, California-based company expects to raise $969 million at the top end of its new price range of $32 to $34 per share, up from $28 to $32 per share earlier https://www.reuters.com/technology/salesforce-rival-freshworks-aims-nearly-9-bln-valuation-us-ipo-2021-09-13.

Reuters reported in April https://www.reuters.com/technology/exclusive-salesforce-rival-freshworks-hires-banks-ipo-sources-2021-04-27 that Freshworks, which competes with Salesforce.com Inc, could be valued at around $10 billion in a stock market debut.

Freshworks' technology is used by more than 50,000 companies in 120 countries, including high-profile names such as Delivery Hero SE, Vice Media and Swedish payments firm Klarna.

Morgan Stanley, J.P. Morgan and Bofa Securities are the lead underwriters for the Freshworks offering.

Freshworks, which was launched from the South Indian city of Chennai, will list on the Nasdaq under the symbol "FRSH", a regulatory filing showed https://www.sec.gov/Archives/edgar/data/0001544522/000162828021018866/freshworkss-1a3.htm.

(Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2021
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Sales 2021 5 886 M 6 853 M 6 853 M
Net income 2021 -1 453 M -1 692 M -1 692 M
Net Debt 2021 1 484 M 1 728 M 1 728 M
P/E ratio 2021 -19,9x
Yield 2021 -
Capitalization 28 547 M 33 206 M 33 238 M
EV / Sales 2021 5,10x
EV / Sales 2022 3,40x
Nbr of Employees 43 838
Free-Float 67,7%
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Last Close Price 114,40 €
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L. Niklas Östberg Chief Executive Officer
Emmanuel Thomassin Chief Financial Officer
Martin Karl Enderle Chairman-Supervisory Board
Christian Graf von Hardenberg Chief Technology Officer
Pieter-Jan Vandepitte COO & Member-Management Board
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