CHENNAI: As the first Indian product company to be listed on Nasdaq, software as a service (mother-in-law) Strong freshworks Indian investors poured in over $600,000 or Rs 5 crore in the first two days of the IPO on platforms like Stockl. vested finance and scriptbox.
This is in addition to the excitement on social media, which made ‘FRSH’ the top trending stock in terms of buy and search volume, beating Tesla and Microsoft last week. A large number of first-time investors from India – mainly technocrats and those from the startup community – also created new accounts to invest in FreshWorks, it is learned.
Nihit Finance Co-Founder and CEO Viram Shah As for the listing, investment inquiries have gone up and so far over Rs 2 crore has been invested in FreshWorks stock, and it has been the number one stock on the platform in the first three days of listing, it said. New accounts opened by users also increased by 50%, mainly to invest in FreshWorks.
“We saw similar interest when companies like Coinbase and Airbnb recently listed on Vested platforms. FRSH is 2x more popular than Robinhood three days after listing,” said Shah.
Stockle co-founder and CEO Sitashwa Srivastava said calls on the support platform inquiring about investments in FreshWorks were up 30-40% on the day the company was listed. More than $300,000 has been invested in Freshworks stock and about 70% of investors belong to the tech sector — a large majority from the southern region of Bengaluru, Chennai and other cities, he said. “At least 2% of Stockle’s total user base can currently be invested in FreshWorks,” he said.
Scripbox Chief Business Officer Prateek Mehta said that FreshWorks has seen a huge increase in search volume, and given only three days, he expects more people to discover it soon and that it will eventually perform better.
This is in addition to the excitement on social media, which made ‘FRSH’ the top trending stock in terms of buy and search volume, beating Tesla and Microsoft last week. A large number of first-time investors from India – mainly technocrats and those from the startup community – also created new accounts to invest in FreshWorks, it is learned.
Nihit Finance Co-Founder and CEO Viram Shah As for the listing, investment inquiries have gone up and so far over Rs 2 crore has been invested in FreshWorks stock, and it has been the number one stock on the platform in the first three days of listing, it said. New accounts opened by users also increased by 50%, mainly to invest in FreshWorks.
“We saw similar interest when companies like Coinbase and Airbnb recently listed on Vested platforms. FRSH is 2x more popular than Robinhood three days after listing,” said Shah.
Stockle co-founder and CEO Sitashwa Srivastava said calls on the support platform inquiring about investments in FreshWorks were up 30-40% on the day the company was listed. More than $300,000 has been invested in Freshworks stock and about 70% of investors belong to the tech sector — a large majority from the southern region of Bengaluru, Chennai and other cities, he said. “At least 2% of Stockle’s total user base can currently be invested in FreshWorks,” he said.
Scripbox Chief Business Officer Prateek Mehta said that FreshWorks has seen a huge increase in search volume, and given only three days, he expects more people to discover it soon and that it will eventually perform better.
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