FRSH News

IPO Market Posts Another Record Quarter in a Record Year In the third quarter of 2021, 94 IPOs raised $27.6 billion, marking the busiest 3Q by deal count since 2000. Following an explosive second quarter, activity remained brisk before tapering off in the typically-slow month of August, and coming back strong after...read more

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company Knowlton Development (KDC). The pipeline was fairly active, with seven IPOs and five SPACs...read more

Freshworks, which provides a business SaaS for customer support and IT projects, raised $1.0 billion by offering 28.5 million shares at $36, above the upwardly revised range of $32 to $34. The company originally planned to offer its shares at $28 to $32, before raising the range on Monday. Freshworks offers Freshdesk, its core customer service software product, and Freshservice,...read more

Freshworks, which provides a business SaaS for customer support and IT projects, raised the proposed deal size for its upcoming IPO on Monday. The San Mateo, CA-based company now plans to raise $941 million by offering 28.5 million shares at a price range of $32 to $34. The company had previously filed to offer the same number of shares at a range of $28 to $32. At the midpoint of...read more