Salesforce rival Freshworks valued over $12 billion after shares climb in debut

imageStock Markets14 minutes ago (Sep 22, 2021 12:22PM ET)

(C) Reuters. FILE PHOTO: A man types into a keyboard during a convention in Las Vegas, Nevada, U.S. on July 29, 2017. REUTERS/Steve Marcus

Shares of business software company Freshworks Inc opened nearly 21% above the offer price in their Nasdaq debut on Wednesday, giving the Salesforce.com (NYSE:CRM) rival a market capitalization of $12.2 billion.

The stock opened at $43.50 per share, compared with its initial public offering price of $36 per share.

Salesforce rival Freshworks valued over $12 billion after shares climb in debut

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