SaaS solutions provider Freshworks files for $100-M IPO in Nasdaq

Chennai and San Mateo (California)-based SaaS startup Freshworks has filed the initial documents for a USD 100 million IPO in the US. Freshworks intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "FRSH". Morgan Stanley, J.P. Morgan and BofA Securities will act as lead book-running managers for the proposed offering. For the last 12 months, Freshworks posted a revenue of USD 308 million, recording a 49% increase. Its losses over the same period have narrowed to USD 10 million.