NEW YORK (Reuters) -Business software firm Freshworks, which counts Accel and Sequoia Capital among its major backers, on Tuesday priced its U.S. initial public offering (IPO) well above the target range to raise $1.03 billion, a source familiar with the matter said.
Freshworks priced 28.5 million shares at $36 per share, the source said, requesting anonymity as the talks are confidential. The IPO valued Freshworks at $10.13 billion.
The company had earlier expected to raise $969 million at the top end of its new price range of $32 to $34 per share, up from $28 to $32 per share previously.
Freshworks did not immediately respond to a request for comment.
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