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"I want all my employees to have BMWs," Freshworks CEO Girish Mathrubootham had told The Economic Times in an interview in 2015. After the Freshworks IPO, that may have become a reality for at least 500 of them.

The IPO, tentatively pegged at between $1 billion and $1.2 billion, will consist of a fresh issue of shares and an offer for sale (OFS) from existing shareholders, the sources said. The SoftBank-backed firm has appointed Kotak Mahindra Capital, JP Morgan and Citigroup to manage the public issue.

If progress toward the Fed’s employment and inflation goals “continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted,” the U.S. central bank’s policy-setting Federal Open Market Committee said Wednesday in a statement following a two-day meeting.

Freshworks has become the first Indian software maker to list on Nasdaq after raising over $1.03 billion through its initial public offering (IPO) at a market capitalisation of $10.13 billion.

Prior to today’s transaction, the mutual fund held 151,040 shares of the company.

If progress toward the Fed’s employment and inflation goals “continues broadly as expected, the committee judges that a moderation in the pace of asset purchases may soon be warranted,” the U.S. central bank’s policy-setting Federal Open Market Committee said Wednesday in a statement following a two-day meeting.

Jubilant Ingrevia on Wednesday said its subsidiary Jubilant Life Sciences International Pte Ltd has divested its 10 per cent stake in Safe Foods Corporation for a consideration of $18.2 million (around Rs 134.2 crore).

The initial public offering (IPO) comprises sale of equity shares to the tune of Rs 500 crore, according to the draft red herring prospectus (DRHP).

Pattern analysis showed Nifty has formed a consolidation range as shown by the red and the green lines on the charts. The zone is created between 17,350 and 17,400 levels on the lower side and the 17,790 level on the upper side.

Shrikant Chouhan of Kotak Securities said that 17,600-17,625 levels should act as a key resistance level and that a quick intraday correction till 17,500-17,450 cannot be ruled out.