other material
confidence high
sentiment neutral
materiality 0.60
Clearwater Analytics announces secondary offering of 20M shares by selling stockholders; company receives no proceeds
Clearwater Analytics Holdings, Inc.
- Selling stockholders include affiliates of Welsh Carson, Permira, and Warburg Pincus.
- J.P. Morgan Securities LLC serves as sole underwriter for the offering.
- Offering of 20,000,000 shares of Class A common stock priced on November 6, 2023.
- Closing expected on November 9, 2023; company receives no proceeds.
- Shares offered under effective shelf registration statement on Form S-3.