other material
confidence high
sentiment neutral
materiality 0.60
Selling stockholders complete secondary offering of 43M shares at $11.42; over-allotment exercised
CCC Intelligent Solutions Holdings Inc.
- Advent International and Oak Hill Capital sold 43M shares of CCCS common stock at $11.42/share in a secondary offering.
- Underwriters exercised the 30-day option in full, adding 6.45M shares; total offering closed on March 4, 2024.
- CCC Intelligent Solutions received no proceeds from the sale of shares by the selling stockholders.
- Lead underwriters included Goldman Sachs, BofA Securities, and J.P. Morgan Securities.