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Salesforce rival Freshworks raises $1.03 bln in U.S. IPO, valued at $10.13 bln – Reuters



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The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File PhotoNEW YORK, Sept 21 (Reuters) – Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com (CRM.N) rival at $10.13 billion as hybrid work fuels demand for its products.Freshworks priced 28.5 million shares at $36 per share, the company backed by Accel and Sequoia Capital said on Tuesday. It had earlier expected to raise $969 million at the top end of its increased price range of $32 to $34 per share.

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