Duck Creek Technologies Inc.'s /zigman2/quotes/206556281/composite DCT +1.68% initial public offering priced late Thursday above the expected range, as the Boston-based provider of software-as-a-service (SaaS) for the property and casualty insurance industry raised $405 million. The company sold 15 million shares at $27 a share, above the expecting pricing of $23 to $25 a share, which was raised from a previously expected range of $19 to $21. With 128.3 million shares outstanding, the IPO pricing values the company at $3.46 billion. If the underwriters exercise all the options to buy additional shares, the company could raise $465.8 million and be valued at $3.53 billion. Goldman Sachs, J.P. Morgan and BofA Securities are the lead book-running managers. Duck Creek is going public at a good time for the IPO market, as the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -1.40% has rallied 31.0% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.37% has gained 18.3%.