7 November 2023
On November 6th, 2023, Clearwater Analytics Holdings, Inc. (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, announced that it has launched an underwritten secondary public offering of an aggregate of 17 million shares of the company’s Class A common stock, par value $0.001 per share (the “Common Stock”).
The company is conducting a resale of Common Stock on behalf of certain affiliates of each of Welsh, Carson, Anderson & Stowe, Warburg Pincus LLC and Permira Advisers LLC (collectively, the “Selling Stockholders”). The Company will not receive any proceeds from the sale of the Common Stock by the Selling Stockholders.
The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. The Common Stock is listed on the New York Stock Exchange under the ticker symbol “CWAN”.
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