Freshworks IPO: 76 percent of the company’s employees have shares in Freshworks. Now more than 500 employees of the company have become millionaires. Of these, 70 employees are below 30 years of age.
New Delhi. Business software firm Freshworks Inc. Chennai and Silicon Valley-based company’s Nasdaq made a bang on the American exchange Nasdaq on Wednesday. More than 500 employees working in this company have become millionaires. Of these, 70 people are below 30 years of age. It is the first Software Age Service (SaaS) and Unicorn company in India to be listed on NASDAQ. More than 4000 employees work in this company of Girish Mathrubhootam.
NASDAQ index entry
According to the information, the company’s stock entered the Nasdaq index at a price of $ 36, 21 percent above its issue price. With this, the company’s market cap reached above $ 12 billion. Today 76 percent of the employees hold shares in Freshworks. Freshworks CEO Girish Mathrubhumi said on earning money for employees through listing, “I am really happy and proud. I am very happy with this achievement of the company. This IPO gives me an opportunity so far to express my responsibility towards all the employees of Freshworks who have believed in us and contributed to Freshworks over the last ten years.
Made possible by the hard work of the employees
On employees becoming millionaires, Matrubhootham said that more such things need to be done in India. This has been possible due to the hard work of the employees, they deserve it. As the company grew, all these employees contributed to it. I believe that this revenue of the company should be shared with the people who created it. It is not only for the owner of the company to be rich or for the rich of the investors. I am happy that we have done a new experiment and we will continue it’.
76% share of employees
Matribootham said that ‘we will continue this journey, there is still a big opportunity for the company to change the lives of many employees and people who believe in our mission. I know it’s early days for Freshworks, but we’ll just keep going ‘. Let us tell you that Freshworks was started in 2010 in Chennai. It has customers in over 120 countries and all of its revenue is recognized in the US. This is an IT company. 76% of the employees of the company have shares in the firm.
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