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

Clearwater Analytics Holdings Inc. 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 has tacked on 5.9% over the past three months while the S&P 500 has gained 5.0%. 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 sets IPO terms, to be valued at up to $3.7 billion
Clearwater Analytics Holdings Inc. 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 has tacked on 5.9% over the past three months while the S&P 500 has gained 5.0%. 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.