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Tag: NASDAQ (page 1 of 1)

TrueCaller aiming to raise over $100M in IPO

Swedish Caller-ID service TrueCaller said it wants to raise $116M in an initial public offering at the NASDAQ Stockholm. According to reports, the company plans to do its listing by the fourth quarter and is aiming for a $3B valuation in the IPO. With India as its biggest market, the firm has over 278M active monthly users and has raised up to $95M over the years through various funding rounds, with Sequoia Capital and Atomico, amongst its investors.

Source: Techcrunch

Freshworks aims to raise $800 M at valuation of $9B in US IPO

California-based SaaS company Freshworks is aiming for a valuation of $9B in its US initial public offering, from which it hopes to raise $800M. The company hopes to sell 28.5mn shares in the range of $28 to $32. If it’s able to sell at the top range, it will raise up to $925mn. The startup, which had filed paperwork for an IPO in late August, has applied to list its shares on NASDAQ under the name FRSH.

Source: Techcrunch

Bumble soars on market debut, valuation hit $ 14 bn

Shares of the online dating app Bumble soared over 76% in their Nasdaq debut, valuing the internet firm at $14 bn. The Blackstone backed company’s share opened at $76, well above its IPO price of $43 per share. Austin, Texas-based Bumble, where woman makes first move, also operates Badoo and claims to have 40 mn MAU worldwide. Bumble CEO Whitney Wolfe Herd said the pandemic encouraged people to build relationships online.