Latest Startup IPO News - Freshworks and Pine Labs

1
Latest Startup IPO News - Freshworks and Pine Labs
Freshworks Startup Financials

• Freshworks Inc. is planning to raise nearly
  1 billion through a public listing in
  the US at a valuation of almost 9 billion,
  which will make it one of the most valuable
  software-as-a-service (SaaS) startups from India.
• Freshworks filed a new filing Monday with
  the US Securities and Exchange Commission.
  It stated that it will offer 28.5 million Class A
  shares at prices between 28 and 32. The unicorn
  hopes to raise 798 million to 912 million via
  the initial public offering (IPO).
• Freshworks has 2 headquarters b/w San Mateo,
  California (USA) and Chennai (India). Founded in
  India, most of Freshworks technology and
  operations team is based in the country.
• Read More
• Freshworks to raise up to 912 Mn in IPO at
  nearly 9 Bn valuation
• Latest IPO News

2
Pinelabs Startup Financials
Pine Labs, a merchant platform company, may go
public sooner than anticipated. According to
regulatory filings, the company passed a
resolution to make its Singapore-based
holding company public. This renaming of the
company from Pine Labs Pte has resulted in Pine
Labs Limited being the new company name. It
indicates that preparations for an IPO have begun
to gain momentum. According to Sources, the
company will likely list in the US within
the next 10-12 month. Although the company
has not yet provided details about the
issue or valuation, a TOI report estimated
that Pine Labs would be seeking a 5 billion
valuation for a potential IPO. The conversion
from a private company into a public company has
taken place weeks after the closing of its 600m
funding round at a valuation of 3.5 billion.
Pine Labs raised 285m in May, and another 315
million in July. Sources claimed that the
financing round was the final private financing
for Pine Labs. Pine Labs, which would be
the fourth fintech company to move closer to a
public list, will join Policybazaar, Paytm
and Mobikwik. Vijay Shekhar Sharma's firm wants
to be one of the largest IPOs with a valuation
between 25-30 billion. Pine Labs was also
instrumental in facilitating Sequoia
Capital's partial exit via a secondary
transaction. Seven investors, including Duro
Capital, Moore Strategic Ventures, Marshall Wace
and Lenarco Limited, received shares in the VC
firm that were worth 225-230 millions. Subscrib
e Entrackrs Newsletter to stay up to date
on Latest Startup IPO News and Startup
Funding News.