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Earlier today, TechCrunch reviewed the new IPO price range for Toast. The US software and financial technology company has significantly increased its valuation in anticipation of prices tomorrow after the bell and trading on Wednesday. He wasn’t the only one doing it.
Freshworks is also targeting a higher IPO price range, it revealed today in a new SEC filing. The customer service-focused software company now plans to charge between $ 32 and $ 34 per share when it debuts, up from $ 28 to $ 32 per initially disclosed share.
With some background calculations, the valuation of Freshworks’ IPO could just exceed the $ 10 billion mark, calculated on a fully diluted basis. Its simple IPO valuations, although rising, are lower than that number.
Calculating this, Freshworks expects to have 284,283,200 shares outstanding when public, including the option of its underwriters, but not the vested shares present in the RSUs or options. In its new IPO price range, Freshworks would be worth between $ 9.1 billion and $ 9.7 billion.
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