SAN DIEGO, Nov. 02, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been commenced on behalf of investors in Freshworks Inc. (NASDAQ: FRSH) (“Freshworks” or the “Company”). The Class Action is being brought on behalf of shareholders who acquired Freshworks pursuant to and/or traceable to the Company’s registration statement and prospectus (collectively, the “Offering Documents”) issued in connection with the Company’s IPO. Investors are hereby notified that they have until January 3, 2023 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/freshworks-inc-class-action

There are no costs or obligations for you.

According to the complaint, the company made false and misleading statements to the market. Freshworks was facing significant business difficulties at the time of the IPO. The company’s net dollar retention rate had plateaued, and both its revenue growth rate and billings were slowing. As a result of these facts, the company’s public statements throughout the IPO period were false and essentially misleading. When the market broke the truth about Freshworks, investors suffered. When the market broke the truth about Freshworks, investors suffered. Freshworks shares traded as low as $10.51 per share, down over 70% from the offering price.

A lead plaintiff will act on behalf of all other group members in directing the Freshworks class action. The lead plaintiff may select a law firm of its choice to conduct the class action. A…