Freshworks hire banks for IPO

Freshworks, a U.S. creator of business and client engagement software that goes up against Salesforce.com Inc, has employed venture banks to get ready for a U.S. first sale of stock (IPO), individuals acquainted with the matter said on Tuesday.

The stock market debut could value Freshworks at around $10 billion, two of the sources said. The San Mateo, California-based organization has employed Morgan Stanley to lead the IPO, which could come in the following not many months, and is hoping to drift its offers on Nasdaq, as indicated by the sources.

Freshworks plans to confidentially submit paperwork for the contribution to the U.S. Protections and Exchange Commission in the coming weeks, the sources added.

The sources mentioned secrecy in light of the fact that the considerations are private and forewarned that the circumstance, posting scene and valuation are liable to change.