Clearwater Analytics Raises $540M Via IPO At $18/Share, Trading Begins Today

September 24, 2021 6:12 AM | 30 seconds read | Make a Comment

SaaS-based investment accounting, reporting, and analytics solutions provider Clearwater Analytics Holdings Inc 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."

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