Clearwater Analytics Announces Launch Of Secondary Offering Of 10M Shares Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics announces a secondary offering of 10 million shares of Class A common stock on behalf of affiliates of Welsh, Carson, Anderson & Stowe. The company will not receive any proceeds from the sale, and the stock is listed on the NYSE under the ticker symbol 'CWAN'.
June 15, 2023 | 8:45 pm
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Clearwater Analytics is conducting a secondary offering of 10M Class A common stock shares on behalf of Welsh, Carson, Anderson & Stowe affiliates, with no proceeds going to the company.
The secondary offering of 10 million shares of Class A common stock will not directly impact Clearwater Analytics' financials, as the company will not receive any proceeds from the sale. However, the offering may affect the stock's liquidity and potentially its price in the short term, depending on market demand. Given the uncertainty, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100