NEW YORK, Nov. 07, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors in Freshworks Inc. (“Freshworks” or the “Company”) (NASDAQ: FRSH). Those investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, extension 7980.

The investigation concerns whether Freshworks and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

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On or about September 22, 2021, Freshworks completed its initial public offering (“IPO”), offering to the investing public 28.5 million shares of its common stock at a price of $36 per share (the “Offering Price”). According to the offering documents for the IPO (the “Offering Documents”), Freshworks’ business had “grown rapidly” in the run-up to the IPO and the Company presented “broad appeal of [its] Products to customers of all sizes and geographies.” As a result, the company’s growth rates and reportedly “healthy” net dollar retention rates reached levels not previously seen, and there was no indication that either would slow. However, the offering documents failed to disclose that Freshworks’ revenue growth and billing had encountered significant obstacles at the time of the IPO. When the truth about Freshworks’ business and operations emerged after the IPO, the company’s share price fell sharply, hurting investors.

The Pomerantz law firm, with offices in New York, Chicago, Los Angeles and Paris, is one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Attorney’s Association, the Pomerantz firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz law firm continues the tradition he founded and fights for the rights of…