Class Action Lawsuit Reminder

Kessler Topaz Meltzer & Check, LLP Reminds Freshworks Inc. Investors That a Securities Fraud Class Action Lawsuit Has Been Filed on Their Behalf

The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against Freshworks Inc. (“Freshworks”) (NASDAQ: FRSH). The action charges Freshworks with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Freshworks’ materially misleading statements and omissions to the public, Freshworks’ investors have suffered significant losses.

CLICK HERE TO SUBMIT YOUR FRESHWORKS LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/freshworks-inc?utm_source=PR&utm_me ...

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LEAD PLAINTIFF DEADLINE: JANUARY 3, 2023

CLASS PERIOD: SEPTEMBER 22, 2021 THROUGH NOVEMBER 1, 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at [phone] or via email at [e-mail]

Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

FRESHWORKS’ ALLEGED MISCONDUCT
Freshworks, headquartered in San Mateo, California, provides customer engagement software for businesses. On or about September 22, 2021, Freshworks conducted its IPO, offering 28.5 million shares of its common stock to the investing public at a price of $36 per share (the “Offering Price”). Freshworks anticipated generating gross proceeds of over $1 billion from the IPO.

According to the Registration Statement and Prospectus filed by Freshworks (collectively, the Offering Documents”), Freshworks’ business had “grown rapidly” in the lead up to the IPO. As a result, the company’s growth rates and purportedly “healthy” net dollar retention rates, reflecting the usage of its products from existing customers and the sale of additional products to these customers, reached levels not previously achieved, and there was no indication that either was decelerating. In fact, the Offering Documents repeatedly and prominently touted Freshworks’ 118% net dollar retention rate for the period ended June 30, 2021, which represented a noteworthy increase from the 107%, 111%, and 112% net dollar retention rates achieved as of June 30, 2020, December 31, 2020 and March 31, 2021, respectively, as well as Freshworks’ year-over-year revenue growth rate of 53% (as of June 30, 2021), which likewise represented a significant increase over the Company’s 45% year-over-year growth rate for the period ended December 31, 2020. Unbeknownst to investors, at the time of the IPO, Freshworks’ revenue growth and billings had encountered obstacles.