Now, many more startups are lining up to raise money from the primary market. However, this does not seem to be enough to quench the thirst of investors, who are ready to list Indian startups anywhere.
As of now, savvy Indian investors are enamored with the newly listed freshworks Inc., which by its own admission made over 500 employees millionaires. According to brokers that facilitate investments in US-listed entities, the stock has seen a significant increase in interest in the past few days.
data available with vested finance, one such broker shows that Freshworks Inc. The stock has emerged as the top choice of investors after its IPO, making it one of the most popular for investing.
Freshworks, a software-as-a-service (SaaS) company co-founded in 2010 by a former Zoho employee, listed Nasdaq on Wednesday. Since then it has overtaken Microsoft, which saw the highest investment from Indians.
Freshworks shares were trading at $46.75 at the close of Friday. It was close to the listing price over the counter.
The data available on Implicit Finance tracks the investment trends of clients using its services, and may not be an accurate extrapolation of market behavior as a whole. However, it is a good indicator of how investors are thinking.
Among other trends, there has been a sharp decline in TeslaThe popularity as a proportion of investors holding the counter has declined from 10 per cent to 7.8 per cent in the past six months.
Microsoft has been the most popular stock among Indian investors in the last 30 days. Apple, Amazon, Salesforce and Facebook are the next four favourites. Zoom Video is another name that has regained its popularity.