other material
confidence high
sentiment neutral
materiality 0.60
CCC Intelligent Solutions completes secondary offering of 50M shares by selling stockholders for ~$571M
CCC Intelligent Solutions Holdings Inc.
- Gross proceeds of ~$571.3M from sale of 50M shares at ~$11.43/share.
- All shares sold by Advent International and Oak Hill Capital affiliates; company received no proceeds.
- Offering closed May 30, 2024; underwriting agreement with JPMorgan, Morgan Stanley, BofA, Goldman Sachs.