• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

What to make of Freshworks’ first IPO price range

September 13, 2021 by David Barret Leave a Comment

Two major private tech companies announced IPO price ranges this morning, with Toast targeting a market value of nearly $18 billion at the top end of its range and Freshworks looking to price its equity between $28 and $32 per share. TechCrunch calculates that the company would be worth around $8.9 billion at $32 per share, not employing a fully diluted share count.

Inclusive of shares represented by fully vested options and the like, Freshworks’ valuation could reach $9.6 billion, Renaissance Capital reports.

Unlike Toast, with a revenue mix including four distinct products, Freshworks is a more straightforward software company. That means we can do much more interesting work to understand its valuation. So, this morning, let’s unpack how Freshworks is considering valuing itself in its IPO at its present range, look at some market comps, and come to a conclusion regarding whether or not we expect the unicorn to raise its valuation before it floats.

Lies, damned lies and revenue multiples

As a refresher, in the first half of 2021 (Q1 and Q2), Freshworks posted revenues of $168.9 million. That annualizes to $337.9 million, thanks to numerical rounding.

At a valuation of $9.6 billion — recall that simple IPO valuations for the company and lower share-price points from its IPO range generate lower valuations and therefore more conservative multiples than what we’ll be discussing here — Freshworks would be worth 28.4x its current revenue run rate, set during H1 2021.

Source Link What to make of Freshworks’ first IPO price range

David Barret
David Barret

Related posts:

  1. Chevron braces for activist challenge; meets Engine No.1 representatives- WSJ
  2. Acquired by Mercedes-Benz, YASA’s revolutionary electric motor is set for big things
  3. European stocks mark worst fall in 2 weeks on U.S. job jitters
  4. Tennis – U.S. Open order of play on Saturday

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • A 1-Kilometer-Long Stone Age Megastructure Under The Baltic Sea Is Being Investigated By Archaeologists
  • New Deepest Map Of The Universe Reaches Back 13.5 Billion Years Into The Past
  • The Guugu Yimithirr Language Is Notable For Not Having A “Left” Or “Right”
  • A New Island Has Emerged In The Caspian Sea, The World’s Largest Inland Body Of Water
  • New Jumping Spider Genus Discovered In New Zealand, And It’s Got Some Real Characters
  • What Actually Is That Stitch You Sometimes Get When Exercising?
  • If Sharks Don’t Have Lungs Then What Are Their Nostrils Doing?
  • “Cyborg Tadpoles” With Brain Implants Could Help Solve Mysteries Of Neurodevelopmental Disease
  • Expanding Earth: The Strange (Pre-Tectonics) Hypothesis That The Earth Is Expanding Like A Balloon
  • Not Everything On The Moon Is Gray – What Are These “Amazing” Orange Glass Beads?
  • Clouded Leopard Caught On Camera With A Slow Loris Snack For First Time
  • “Octopus Maps” Promote Conspiratorial Thinking Even When It Is Unintended
  • YouTuber Creates “World’s Strongest Handheld Laser”. It’s Capable Of Punching Through Titanium.
  • “Razor Blade Throat” And A Traveling “Nimbus”: What’s Up With The NB.1.8.1 COVID-19 Variant?
  • Fast, Ferocious, and Fearsome: Meet The Sun Spiders Of The Solifugae
  • “Juvenile Bigfoot”, Evolved Monkeys, Or Just Good Marketing? Meet The Albatwitch Of Pennsylvania Folklore
  • The Strange Science Behind Time Feeling Faster As You Age
  • Hundreds Of New Giant Viruses Discovered Throughout The World’s Oceans
  • Scientists Dropped Gophers On Mount St. Helens For 24 Hours. Four Decades Later, The Impact Is Astonishing
  • We Finally Know The Route Of Neanderthals’ Massive Migration Across Eurasia
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version