Clearwater Analytics Raises $540M Via IPO At $18/Share, Trading Begins Today
6:12 am ET September 24, 2021 (Benzinga) Print
SaaS-based investment accounting, reporting, and analytics solutions provider Clearwater Analytics Holdings Inc (NYSE: CWAN) priced 30 million shares at $18 per share to raise $540 million in its initial public offering.
The company had earlier estimated to price the offering at $14 - $16 per share.
The underwriters have a 30-day option to purchase additional shares up to 4.5 million.
The shares will begin trading on the NYSE today under the symbol "CWAN."