Clearwater Announces Pricing Of Secondary Offering Of 10 Mln Class A Common Stock At $16.05/shr

(RTTNews) - Clearwater Analytics Holdings Inc. (CWAN) announced the pricing of its underwritten secondary public offering of its Class A common stock priced at a price to the public of $16.05 per share.

The offering consists of 10 million shares of Class A common stock to be sold by certain affiliates of Welsh, Carson, Anderson & Stowe.

The company said it will not receive any proceeds from the sale of the company's Class A common stock by the Selling Stockholders. The company's Class A common stock is listed on the New York Stock Exchange under the ticker symbol "CWAN." The offering is expected to close on June 20, 2023.