Clearwater Analytics Announces Launch Of Secondary Offering Of 17M Shares Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics Holdings, Inc. (NYSE:CWAN) has announced the launch of a secondary public offering of 17 million shares of its Class A common stock. The shares are being resold on behalf of affiliates of Welsh, Carson, Anderson & Stowe, Warburg Pincus LLC, and Permira Advisers LLC. The company will not receive any proceeds from the sale. J.P. Morgan is acting as the underwriter and sole book-running manager for the offering.
November 06, 2023 | 9:44 pm
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Clearwater Analytics is launching a secondary public offering of 17 million shares. The company will not receive any proceeds from the sale.
The secondary public offering could increase the liquidity of CWAN shares in the market. However, as the company is not receiving any proceeds from the sale, it may not directly benefit from the offering. The impact on the stock price will depend on the market's reaction to the increased supply of shares.
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