CCC Intelligent Solutions Reports Proposed Secondary Offering Of 30M Shares By Affiliates Of Advent International And Oak Hill Capital Partners
Portfolio Pulse from Benzinga Newsdesk
CCC Intelligent Solutions has announced a proposed secondary offering of 30 million shares by affiliates of Advent International and Oak Hill Capital Partners.
June 27, 2024 | 8:36 pm
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CCC Intelligent Solutions is set to undergo a secondary offering of 30 million shares by affiliates of Advent International and Oak Hill Capital Partners. This could lead to short-term downward pressure on the stock price due to increased supply.
The secondary offering of 30 million shares by major shareholders Advent International and Oak Hill Capital Partners will increase the supply of CCCS shares in the market, which typically leads to downward pressure on the stock price in the short term.
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