CCC Intelligent Solutions Announces Proposed Secondary Offering of 42 Million Shares of Common Stock, including Concurrent Common Stock Repurchase
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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announced a proposed secondary offering of 42 million shares by affiliates of Advent International. The offering will be conducted at market prices and includes a concurrent stock repurchase.
February 27, 2025 | 10:00 pm
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CCC Intelligent Solutions is conducting a secondary offering of 42 million shares by Advent International affiliates. This could lead to increased stock liquidity and potential short-term price fluctuations.
The secondary offering of 42 million shares by Advent International affiliates could increase the stock's liquidity. However, as the shares are being sold by existing shareholders, it does not directly impact the company's capital structure. The concurrent stock repurchase may offset some of the potential downward pressure on the stock price.
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