Investor Alert

New York Markets Open in:

Market Pulse Archives

Sept. 14, 2021, 9:20 a.m. EDT

Clearwater Analytics sets IPO terms, to be valued at up to $3.7 billion

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Clearwater Analytics Holdings Inc. (CWAN)
  • X
    Renaissance IPO ETF (IPO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Clearwater Analytics Holdings Inc. /zigman2/quotes/229492981/composite CWAN +6.74% has set terms for its initial public offering on Tuesday, as the Idaho-based investment accounting and analytics company looks to raise up to $480 million. The company is offering 30.0 million shares in the IPO, which is expected to price between $14 and $16 a share. With 42.87 million Class A shares, 11.15 million Class B shares, 43.34 million Class C shares and 134.12 million Class D shares outstanding after the IPO, the expected pricing could value Clearwater at up to $3.70 billion. The stock is expected to list on the NYSE under the ticker symbol "CWAN." Goldman Sachs, J.P. Morgan and Morgan Stanley are the lead underwriters. The company is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +1.93% has tacked on 5.9% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.28% has gained 5.0%.

/zigman2/quotes/229492981/composite
US : U.S.: NYSE
$ 16.94
+1.07 +6.74%
Volume: 755,925
Jan. 24, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.74 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 45.53
+0.86 +1.93%
Volume: 341,332
Jan. 24, 2022 4:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,410.13
+12.19 +0.28%
Volume: 3.89B
Jan. 24, 2022 5:04p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.