Thanks to the Chennai and Silicon Valley-based company, with Freshworks getting listed on the Nasdaq, over 500 Freshworks employees in India are now crorepatis with 70 of them below the age of 30.?
Freshworks has rapidly become a well-known name in the start-up world of India. This is in no small part, thanks to its founder Girish Mathrubootham. In founding this company, he has readily displayed a very forward-thinking perspective in terms of execution and establishment.
It is the first Indian SaaS company to go public. The firm has about 4,000 employees.
"Our employees are also our shareholders. This IPO has allowed me the opportunity to fulfil my responsibility as a CEO to early shareholders, both VC investors and employees, who believed in the dream of Freshworks. We needed all the trust and belief of the early employees and investors, who joined us and believed in the dream. As CEO, it is immensely fulfilling for me to finish my responsibility as I take on the new responsibility of public investors who have now invested in the future of Freshworks," Mathrubootham said in an interview with Moneycontrol after getting listed on Nasdaq.
He also added how he is happy that so many employees got what they deserved as they have been important contributors to the growth of the company. He said that he is happy to share the wealth with the people who created this company and wishes to grow more.
He tweeted the same and said, "Today is a dream come true for me - from humble beginnings in #Trichy to ringing the bell at @Nasdaq for the FreshWorks IPO. Thank you to our employees, customers, partners, and investors for believing in this dream."
Business software maker Freshworks made its trading debut on Wednesday at $43.5 per share on the Nasdaq, up 21 per cent from the company's listing price of $36 per share, giving it a market cap of $12.3 billion.??
Freshworks is raising $1.02 billion as it set its IPO price at $36 per share, boosting its IPO share price for the second time in the past week and taking its valuation to over $10 billion. It began trading on the Nasdaq Global Select Market on Wednesday under the symbol ¡®FRSH' and the offering is expected to close on September 24, 2021.??