Benzinga | Sep 20, 2021 03:52PM EDT

Freshworks Seeks $9.6B Valuation In Upsized US IPO

* Customer relationship management (CRM) solution provider Freshworks Inc (NASDAQ:FRSH) now plans to sell 28.5 million shares for $32 - $34 per share in an upsized initial public offering.

* The Salesforce.com Inc (NYSE:CRM) rival could gross maximum offering proceeds of $969 million.

* The transaction could value Freshworks at 9.6 billion based on the expected 281.4 million Class A and Class B shares outstanding after this offering.

* Freshworks previously planned to sell the shares at $28 - $32 per share.

* Freshworks aims to list its stock on the NASDAQ under the symbol "FRSH."

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