Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

FRESHWORKS INC.

(FRSH)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Software firm HashiCorp seeks up to $13 bln valuation in U.S. IPO

11/29/2021 | 04:14pm EST

Nov 29 (Reuters) - HashiCorp Inc said on Monday it is targeting a valuation of up to $13 billion in its initial public offering in the United States, as the company seeks to take advantage of the high investor interest around enterprise software firms.

The San Francisco-based company said it is targeting a sale of 15.3 million shares priced between $68 and $72 each. At the top end of that range, the IPO would fetch $1.1 billion of proceeds, according to the filing https://www.sec.gov/Archives/edgar/data/0001720671/000119312521342246/d205906ds1a.htm.

HashiCorp, co-founded in 2012 by Mitchell Hashimoto and Armon Dadgar, claims its products help in solving the core infrastructure challenges related to cloud adoption. As of Oct. 31, the company said it had 2,392 customers in over 45 countries, including Bank of America Corp, Goldman Sachs Group Inc, Stripe and Roblox Corp, among others.

HashiCorp's investors include venture capital firms Mayfield and GGV Capital. The company is looking to float its shares at a time when other enterprise software firms like GitLab Inc and Freshworks Inc have had strong market debuts, with investors betting on robust demand for their services due to the pandemic-driven shift to hybrid working.

Morgan Stanley, Goldman Sachs & Co and J.P.Morgan are among the underwriters for the offering. The company said it will list its shares on Nasdaq under the symbol "HCP".

(Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FRESHWORKS INC. -1.73% 22.7 Delayed Quote.-13.56%
GITLAB INC. -5.99% 60.22 Delayed Quote.-30.78%
All news about FRESHWORKS INC.
01/12Piper Sandler Adjusts Freshworks Price Target to $38 From $53, Maintains Overweight Rat..
MT
01/06Freshworks to Announce Fourth Quarter and Full Year 2021 Financial Results on February ..
AQ
2021Freshworks Reaches Settlement With Zoho to End Trade Secret Misappropriation Case
MT
2021Freshworks and Zoho Reach Settlement to End Litigation
AQ
2021SoftBank-backed Cohesity confidentially files for U.S. IPO
RE
2021FRESHWORKS INC.(NASDAQGS : FRSH) added to S&P TMI Index
CI
2021Andreessen Horowitz-backed Samsara valued at $12.5 bln in market debut
RE
2021Australia's National Rugby League Signs Freshworks to Streamline IT Operations Across C..
GL
2021Freshworks Inc. Continues Expansion Across Australia and New Zealand by Signing the Nat..
CI
2021Software maker HashiCorp valued at $16 bln in Nasdaq debut
RE
More news
Analyst Recommendations on FRESHWORKS INC.
More recommendations
Financials (USD)
Sales 2021 366 M - -
Net income 2021 -425 M - -
Net cash 2021 1 315 M - -
P/E ratio 2021 -3,70x
Yield 2021 -
Capitalization 5 973 M 5 973 M -
EV / Sales 2021 12,7x
EV / Sales 2022 9,64x
Nbr of Employees 4 427
Free-Float 13,1%
Chart FRESHWORKS INC.
Duration : Period :
Freshworks Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FRESHWORKS INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 22,70 $
Average target price 43,17 $
Spread / Average Target 90,2%
EPS Revisions
Managers and Directors
Rathna Girish Mathrubootham Director
Tyler Renwick Sloat Chief Financial & Accounting Officer
Shanmugam Krishnasamy Chief Technology Officer
Randy S. Gottfried Independent Director
Sameer K. Gandhi Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FRESHWORKS INC.-13.56%6 078
MICROSOFT CORPORATION-7.77%2 328 976
SEA LIMITED-21.76%98 356
ATLASSIAN CORPORATION PLC-22.00%75 166
DASSAULT SYSTÈMES SE-11.92%69 154
SYNOPSYS INC.-11.49%50 045