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Latest Startup IPO News - Freshworks and Pine Labs

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.<br>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.<br><br>For more information visit- https://entrackr.com/

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Latest Startup IPO News - Freshworks and Pine Labs

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  1. Latest Startup IPO News- Freshworks andPineLabs FreshworksStartupFinancials • FreshworksInc.isplanningtoraisenearly$1billionthroughapubliclistingintheUSatavaluationofalmost$9billion,whichwillmakeitoneofthemostvaluablesoftware-as-a-service(SaaS)startupsfromIndia. • FreshworksfiledanewfilingMondaywiththeUSSecuritiesandExchangeCommission.Itstatedthatitwilloffer28.5millionClassAsharesatpricesbetween$28and$32.Theunicornhopestoraise$798millionto$912millionviatheinitialpublicoffering(IPO). • Freshworkshas2headquartersb/wSanMateo,California(USA)andChennai(India).FoundedinIndia,mostofFreshworks’technologyandoperationsteamisbasedinthecountry. • ReadMore: • Freshworkstoraise upto$912MninIPO atnearly $9 Bn valuation • LatestIPONews

  2. PinelabsStartupFinancials PineLabs,amerchantplatformcompany,maygopublicsoonerthananticipated.Accordingtoregulatoryfilings,thecompanypassedaresolutiontomakeitsSingapore-basedholdingcompanypublic.ThisrenamingofthecompanyfromPineLabsPtehasresultedinPineLabsLimitedbeingthenewcompanyname.ItindicatesthatpreparationsforanIPOhavebeguntogainmomentum. AccordingtoSources,thecompanywilllikelylistintheUSwithinthenext10-12month.Althoughthecompanyhasnotyetprovideddetailsabouttheissueorvaluation,aTOIreportestimatedthatPineLabswouldbeseekinga$5billionvaluationforapotentialIPO. Theconversionfromaprivatecompanyintoapubliccompanyhastakenplaceweeksaftertheclosingofits$600mfundingroundatavaluationof$3.5billion.PineLabsraised$285minMay,andanother$315millioninJuly.SourcesclaimedthatthefinancingroundwasthefinalprivatefinancingforPineLabs. PineLabs,whichwouldbethefourthfintechcompanytomoveclosertoapubliclist,willjoinPolicybazaar,PaytmandMobikwik.VijayShekharSharma'sfirmwantstobeoneofthelargestIPOswithavaluationbetween$25-30billion. PineLabswasalsoinstrumentalinfacilitatingSequoiaCapital'spartialexitviaasecondarytransaction.Seveninvestors,includingDuroCapital,MooreStrategicVentures,MarshallWaceandLenarcoLimited,receivedsharesintheVCfirmthatwereworth$225-$230millions. SubscribeEntrackr’s NewslettertostayuptodateonLatestStartupIPONewsandStartupFundingNews.

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