Alphabet-backed CRM software provider Freshworks floated above its range and now boasts a market cap of $13.5bn.
Freshworks, a US-based customer relationship management (CRM) software developer backed by internet and technology group Alphabet, raised $1.03bn in an initial public offering on the Nasdaq Global Select Market on Tuesday.
The company priced 28.5 million shares at $36 each, above the $32 to $34 range set for the offering. Its shares closed at $47.55 yesterday, equating to a market capitalisation of $13.5bn.
Founded in India, Freshworks produces a variety of software used by companies for CRM, customer experience and…
