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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The first ever Indian software product company to list on the Nasdaq is tentatively looking to raise just $100 million in its IPO. It bears asking why.
It is sunny days for Indian companies that offer software as a service. Last year, however, over half a dozen unlisted SaaS firms turned unicorns—startups worth over $1 billion—as their investors valued them higher while giving them new capital.
Against this backdrop, it would seem surprising that India’s best known SaaS company, the Chennai- and San Mateo-based Freshworks, would want to raise only $100 million in its impending initial public offering on the Nasdaq. Or so it has said in its filings with the US Securities and Exchange Commission. Analysts have estimated that the IPO could value it at $10 …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
