CCC Intelligent Solutions Announces Pricing of Secondary Offering of 42 Million Shares of Common Stock, including Concurrent Common Stock Repurchase
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CCC Intelligent Solutions Holdings Inc. announced the pricing of a secondary offering of 42 million shares of common stock by affiliates of Advent International. The offering includes a concurrent common stock repurchase.
February 28, 2025 | 4:00 am
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CCC Intelligent Solutions is conducting a secondary offering of 42 million shares by Advent International affiliates, which includes a concurrent stock repurchase.
The secondary offering of 42 million shares could lead to a short-term decrease in CCCS stock price due to increased supply. However, the concurrent stock repurchase may offset some of the downward pressure by signaling confidence in the company's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100