Clearwater Analytics Reports Launch Of Secondary Public Offering Of 12M Shares Of Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Clearwater Analytics has announced a secondary public offering of 12 million shares of Class A common stock. The resale is being conducted on behalf of affiliates of Warburg Pincus LLC and Permira Advisers LLC.
June 10, 2024 | 8:43 pm
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Clearwater Analytics is conducting a secondary public offering of 12 million shares of Class A common stock. This could lead to short-term downward pressure on the stock price due to increased supply.
The secondary public offering increases the supply of shares in the market, which can lead to a decrease in the stock price in the short term as the market absorbs the additional shares.
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