Lost money investing in Freshworks? If yes, please visit us Class Action by Freshworks Inc. Shareholders or contact Peter Allocco at (212) 951-2030 or [email protected] to discuss your rights.

NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors, who have purchased or otherwise acquired the common stock of Freshworks Inc. (“Freshworks” or the “Company”) (NASDAQ: FRSH) pursuant to and/or traceable to the registration statement and prospectus (collectively, the “Offering Documents”) published in In connection with the Company’s initial public offering (the “IPO” or the “Offering”). The lawsuit was filed in the United States District Court for the Northern District of California alleging violations of the Securities Act of 1933.

Headquartered in San Mateo, California, Freshworks provides customer engagement software for businesses. On or about September 22, 2021, Freshworks completed its initial public offering, offering to the investing public 28.5 million shares of common stock at a price of $36 per share (the “Offer Price”). Defendants anticipated gross proceeds of over $1 billion from the IPO.

According to the offering documents, Freshworks’ business had “grown rapidly” in the run-up to the IPO, with the company having a “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, which reflect the use of its products by existing customers and the sale of additional products to those customers, reached levels not previously achieved , and there was also no indication that it was slowed down. Rather, Freshworks’ 118 percent net sales volume was repeatedly and clearly advertised in the bid documents.