Software organization Freshworks is looking at raising upto $912 million through its first sale of stock (IPO), as indicated by its regulatory filings with the US Securities and Exchange Commission on Monday.

The organization said it will sell 28.5 million of its Class A typical stock between the value scope of $28 to $32 per share. On the off chance that it figures out how to sell its offers at the top reach, it will raise $912 million, which as indicated by a Reuters report, would esteem the organization at around $9 billion.

The software-as-a-administration (SaaS) organization had recorded its IPO papers last month yet had not uncovered key subtleties including the sum it was hoping to raise.

Established in 2010 by Girish Mathrubootham and Shan Krishnasamy, Freshworks said it intends to utilize continues from the IPO for general corporate purposes, like working costs, working capital, and capital consumptions. It might likewise utilize a part of the returns to obtain corresponding organizations, items, administrations, or technologies.

In its most recent regulatory filings with the SEC, Freshworks said it has a huge addressable market of approximately $120 billion. What’s more, the organization appraises the yearly potential market opportunity for its items to be $77 billion.

“As per IDC, by 2025, the business sectors we address inside CRM will address a $76 billion freedom and the SSM market will address a $44 billion freedom,” Freshworks said in its proposition archives.

Freshworks was last esteemed at $3.5 billion after a gather pledges in 2019 and is upheld by any semblance of Accel, Sequoia Capital and Tiger Global.

A $9 billion valuation would take Freshworks to the top of the heap of SaaS startups from India, in front of Postman which was esteemed at $5.6 billion in its last round, and Browserstack at $4 billion.

In its filings last month, Freshworks said that its income over the most recent a year was $308 million. All the more significantly, its overal deficit diminished to $9.8 million from $57 million every year prior. The organization professed to have in excess of 52,500 customers around the world.

As indicated by filings, Tiger Global PIP VI Holdings and Accel India III (Mauritius) own 26.24% and 25.79% individually. Sequoia Capital Global Growth Fund III has a 12.26% stake in Freshworks while the organization’s fellow benefactor and CEO hold 7.08%. Google claims 8.31% stake in it. The leftover 20% is possessed by different partners including its subsequent fellow benefactor Krishnasamy.

The organization’s IPO is being driven by Morgan Stanley, JP Morgan Chase and Bank of America. It is hoping to list its offers in the Nasdaq Global Select Market.

Freshworks has a few expensive competitors all around the world including any semblance of Salesforce and Palantir.