Clearwater Analytics Holdings Inc.
Clearwater Analytics Holdings Announces Public Offering of Shares by Selling Stockholders
Summary
On November 11, 2024, Clearwater Analytics Holdings, Inc. announced that the Selling Stockholders entered into an Underwriting Agreement with J.P. Morgan Securities LLC for the public offering of 25,000,000 shares of the Company's Class A common stock. Clearwater Analytics did not sell any shares in this offering and will not receive any proceeds from the sale. The Offering is part of the Company's automatic shelf registration statement on Form S-3 and is expected to close on November 13, 2024. The Underwriting Agreement includes customary provisions and is accompanied by a legal opinion from Kirkland & Ellis LLP.
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About Clearwater Analytics Holdings Inc.
Clearwater Analytics Holdings Inc. is a software-as-a-service (SaaS) company that specializes in providing web-based investment accounting, reporting, and analytics solutions. Its primary function is to assist clients in managing and automating their investment operations, delivering clear insights into investment portfolios. The company's platform is focused on offering unparalleled transparency, accuracy, and efficiency to institutional investors, asset managers, insurance firms, and corporate treasuries. Clearwater Analytics plays a significant role in the financial technology sector, helping organizations optimize their investment processes through precise data aggregation, reconciliation, and reporting. By integrating technology and financial expertise, Clearwater aids its clients in achieving regulatory compliance and improving financial performance. Established with the vision of transforming the way investment data is managed and analyzed, Clearwater Analytics holds a pivotal position in the market by enhancing operational workflows and decision-making for its users.
Official SEC Documents
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