The San Mateo-based startup that was founded in Chennai plans to sell 28.5 million shares at a price range of $28-$32, the company said in a filing to the US Securities and Exchange Commission (SEC).
The Salesforce rival could raise $912 million if investors buy at the upper end of the price band.
Freshworks, backed by blue-chip Silicon Valley funds including Accel and Sequoia Capital as well as New York-based investment firm Tiger Global, was most recently valued at $3.5 billion.
The Software as a Service (SaaS) startup is seeking to list its shares on the Nasdaq Global Select Market, under the symbol FRSH.
Freshworks said it expects the market opportunity for its products to be $77 billion.
The customer engagement software maker, which competes with industry giant Salesforce, reported a 53% surge in revenues to $169 million in the six months ended June 30, compared to a revenue of $110 million in the same period last year.
Losses narrowed by 83% to $8.9 million.
Freshworks is the latest to join a rush of venture-funded companies in India that are also diversifying beyond private markets on the back of a
stellar domestic listing by food technology platform Zomato in July.
Meanwhile, in the United States, a wave of listings by technology ventures such as Zoom, Snowflake, Asana and Palantir have been extremely well received in the backdrop of increased digital transformation initiatives across the world, especially after the Covid-19 pandemic.
Freshworks said it has over 52,000 customers and earned a revenue of $308 million in the last 12 months, a growth of over 40%, while posting a net loss of $10 million in the same period.
