Clearwater Analytics files to go public on the NYSE

Clearwater Analytics Holdings Inc. , an Idaho-based investment accounting and analytics company, which turned a profit the first half of this year, has filed to go public. It has not yet determined how many shares the company will offer in the initial public offering or what the expected price range of the IPO might be. The stock is expected to list on the NYSE, under the ticker symbol "CWAN." Goldman Sachs, J.P. Morgan and Morgan Stanley were the joint book-running managers. The company recorded net income of $3.2 million during the first six months of 2021 on revenue of $117.8 million, after net income of $13.6 million on revenue of $95.1 million over the same period a year ago. For all of 2020, however, the company recorded a loss of $44.2 million on revenue of $203.2 million, after net income of $7.7 million on revenue of $168.0 million in 2019. The company filed to go public at a time that the Renaissance IPO ETF has gained 8.4% over the past three months, while the S&P 500 has tacked on 7.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Clearwater Analytics files to go public on the NYSE
Clearwater Analytics Holdings Inc. , an Idaho-based investment accounting and analytics company, which turned a profit the first half of this year, has filed to go public. It has not yet determined how many shares the company will offer in the initial public offering or what the expected price range of the IPO might be. The stock is expected to list on the NYSE, under the ticker symbol "CWAN." Goldman Sachs, J.P. Morgan and Morgan Stanley were the joint book-running managers. The company recorded net income of $3.2 million during the first six months of 2021 on revenue of $117.8 million, after net income of $13.6 million on revenue of $95.1 million over the same period a year ago. For all of 2020, however, the company recorded a loss of $44.2 million on revenue of $203.2 million, after net income of $7.7 million on revenue of $168.0 million in 2019. The company filed to go public at a time that the Renaissance IPO ETF has gained 8.4% over the past three months, while the S&P 500 has tacked on 7.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.