Recently Freshworks filed their initial S-1 statement. They will trade under the ticker FRSH. A S-1 is a document companies file with the SEC in preparation for listing their shares on an exchange like the NYSE or NASDAQ. The document contains a plethora of information on the company including a general overview, up to date financials, risk factors to the business, cap table highlights and much more. The purpose of the detailed information is to help investors (both institutional and retail) make informed investment decisions. There’s a lot of info to digest, so in the sections below I’ll try and pull out the relevant financial information and benchmark it against current cloud businesses. As far as an expected timeline - typically companies launch their roadshow ~3 weeks after filing their initial S-1 (the roadshow launches with an updated S-1 that contains a price range). After the roadshow launch there’s typically ~2 weeks before the stock starts trading. So we’re looking at roughly 5 weeks before any retail investor can buy the stock.
Amazing work Jamin! For the CAC payback chart, you say "In the chart below I’m taking the average of the 4 quarters leading up to IPO to normalize the business." Are you taking the 4 quarters before each of these companies respective IPOs (different points in time), the 4 quarters before Freshworks IPO for all the companies, or only doing this for Freshworks?
Amazing work Jamin! For the CAC payback chart, you say "In the chart below I’m taking the average of the 4 quarters leading up to IPO to normalize the business." Are you taking the 4 quarters before each of these companies respective IPOs (different points in time), the 4 quarters before Freshworks IPO for all the companies, or only doing this for Freshworks?