The hotel aggregator is looking to list in India's financial capital of Mumbai and will consist of a fresh issue of shares as well as an offer for sale from existing shareholders
According to the subscription data available on the exchanges till 14:18 IST, the offer has received bids for 21,50,05,885 equity shares against the IPO size of over 71,40,793 equity shares.
The San Mateo, California-based company expects to raise $969 million at the top end of its new price range of $32 to $34 per share, up from $28 to $32 per share earlier
In a filing with the US Securities and Exchange Commission (SEC), Freshworks Inc said it looks to offer 28.5 million Class A common shares at proposed maximum price per share of $32
The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 390 crore and an offer-for-sale of 3.91 crore equity shares by existing shareholders and promoters
Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit is hoping it will be valued at more than $15 billion
