Orrick Advises Underwriters in Freshworks’ $1 Billion IPO


Orrick is representing the underwriters in the initial public offering of 28,500,000 million shares of Class A common stock for Freshworks Inc., a software-as-a-service (SaaS) company. The offering priced at $36 per share and began trading on the Nasdaq Global Select Market under the ticker symbol "FRSH" on September 22, 2021.

Morgan Stanley, J.P. Morgan and BofA Securities are acting as lead book-running managers. Jefferies and Barclays are acting as book-running managers. Baird, Canaccord Genuity, JMP Securities, Needham & Company, Wolfe | Nomura Strategic Alliance, Oppenheimer & Co., Piper Sandler, Raymond James, AmeriVet Securities, CastleOak Securities, L.P., Ramirez & Co., Inc., R. Seelaus & Co., LLC, are acting as co-managers for the offering.

The Orrick team advising on the offering is led by Bill Hughes and Niki Fang and includes Jimmy Frost, Ken Marx, Anika Nayyar, Richard Martinelli, Harry Clark, Shannon Yavorsky, J.T. Ho, Tyler Miller, Greg Hume and Taylor Ball.