Indian company's roaring listing in US: 500 employees overnight millionaires

The market value of the company is close to ten billion dollars

The Indian founded the company in 2010 at a godown in Chennai

New Delhi: Indian technology company Fresh Workers has made a spectacular entry into the US stock market. The company has raised અ 1 billion in the U.S. through an IPO. The company has a market capitalization of close to 10 billion. The company had plans to raise 91 91.2 billion through an IPO.

Shares of Freshworks reached .6 46.67 per dollar with the market opening on Wednesday. It thus rose another 30 percent from its 36 listing price. Freshworks offered 2.85 million shares at 36.

The company had revenue of .8 168 million for the six months ended June 2021. That figure was કરોડ 110 million a year earlier. The company's net loss has come down to 90 9 million. Its previous loss was 5. 57 million. More than 500 employees of the company have become millionaires overnight due to the rise in listings.

The software as a service company headquartered in San Mateo, California was founded in 2010 by Girish Matrubutham and Shaan Krishnasamy in Chennai. The company said in a statement to the American Securities and Exchange Commission (SEC) that it was to offer 285 million ordinary shares at 32 32 per share. The company had applied for listing on the Nasdaq.