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clearwater analytics bolsters market presence with new secondary stock offering 384


Clearwater Analytics Bolsters Market Presence with New Secondary Stock Offering


Robert Tavares

March 6, 2024 - 21:26 pm


Clearwater Analytics Announces Major Secondary Public Offering

BOISE, Idaho, March 6, 2024 /PRNewswire/ – In a significant move within the financial SaaS sector, Clearwater Analytics Holdings, Inc. (referred to as "Clearwater" or the "Company"), a pioneer in providing comprehensive investment management solutions, has declared the initiation of an underwritten secondary public offering. This substantial offering involves a total of 16,250,000 shares of Clearwater's Class A common stock, carrying a nominal value of $0.001 per share. Instead of benefiting the organization directly, this sale of Common Stock will be on behalf of select affiliates of Welsh, Carson, Anderson & Stowe, collectively identified as the "Selling Stockholders."

The acclaimed Company has clarified that it will not retain any proceeds from the sale conducted by the Selling Stockholders. Sales may unfold in varied forms such as negotiated deals or at market prices, which could be either directly proportionate to the prevailing market prices or decided upon through negotiations. Adding to the Company's acclaim, the Common Stock finds itself proudly listed on the New York Stock Exchange symbolized as "CWAN."

Exclusive Underwriting by J.P. Morgan

For the projected offering, the esteemed J.P. Morgan is taking charge as the sole book-running manager and underwriter. Their specialized role makes them pivotal for facilitating the sale process and providing the necessary stability in the initial trading period of the offering.

Prospective Investors Can Access Detailed Information

This promising offering is pursuant to an automatically effective shelf registration statement on Form S-3, formerly submitted to the United States Securities and Exchange Commission (the "SEC") on March 8, 2023. Potential investors and those currently holding an interest in the offering can anticipate a prospectus that will elucidate the terms of the offering. This document is shortly expected to be available through J.P. Morgan Securities LLC. Interested parties may obtain it directly from their offices at Edgewood, NY, via telephone communication, or by submitting an email request to [email protected]. Apart from direct contact, the SEC's official website at stands as an alternative source for accessing relevant documents.

Offerings Governed by Securities Regulation

It should be noted that this announcement in no manner represents an offer to sell or an appeal for an offer to purchase these securities. There will be no sales of these securities in any jurisdiction in which such a proposal, solicitation, or sale would be contrary to registration or qualification under the securities laws of said jurisdiction. The issuance and sale of securities will be subject to adherence with the registration requisites as outlined in the Securities Act of 1933, as intelligently amended.

Exploring Clearwater Analytics: A Leader in SaaS-based Investment Management

Clearwater Analytics has etched its presence globally as an industry-leading provider of SaaS solutions, by automating the entire investment process. Their unique single instance, multi-tenant architecture allows for a comprehensive suite of services ranging from investment portfolio planning to performance reporting, and from data aggregation to accounting and risk management. The prowess of Clearwater Analytics is crystal clear as a myriad array of prominent insurers, asset managers, corporate entities, and government institutions depend on its trusted data. The management of assets exceeding the value of $7.3 trillion, encompassing a mix of traditional and alternative asset types, is a testament to its scalability and reliability.

Insights Into Clearwater's Forward-Looking Paradigm

In the quest for ongoing development and market expansion, this press release contains forward-looking statements reflective of the Company's ambitions. These exemplify the Company's projected operational results, strategic business plans, technological advancements, financing and investment strategies, dividend policies, competitive edge, and the overall economic and regulatory landscapes. Such statements are not historical facts but forecasts based on management's beliefs and currently available information. These can be identified by terms like "anticipate," "believe," "could," and "estimate," among others that imply futuristic implications. However, one must apply caution as these statements are inherently subject to various risks and uncertainties, with some completely beyond Clearwater's control. Such uncertainties may result in material variations between actual results and those projected or implied in these statements.

Navigating Risks and Uncertainties

The inherent risks and uncertainties, as referenced in forward-looking statements, may derive from factors discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. These detailed discussions, along with other periodical reports, have been dutifully filed with the SEC and are conveniently accessible on the SEC's website, as well as on the Company's own web platform. The stockholders and potential investors are highly encouraged to carefully examine these documents, as they imbue a deeper understanding of the risk factors.

Commitment to Transparency and Ongoing Update

It is imperative to emphasize that the Company's management avows the information provided in this news release pertains exclusively to the date it has been issued. Therefore, stakeholders should not unduly rely on forward-looking statements as indicative of the Company's plans beyond this date. Furthermore, Clearwater Analytics underscores that any updates to forward-looking statements will be provided in accordance with the Company's regulatory obligations and as circumstances necessitate.

Final Thought

As we account for the potential impact of Clearwater Analytics Holdings, Inc.'s substantial secondary public offering and the Company's strategic underpinning, it is clear that calculated risks are being balanced against expectations for sustained growth. The mobilization of such an expansive wealth of shares stands as a remarkable testament to both the Company's trust in its future and its commitment to continually innovate and outperform within the highly competitive SaaS-based investment management space.

Contact Information

For any additional insights, updates, or reports, Clearwater Analytics Holdings, Inc. may be contacted through the details provided in this press release.

SOURCE Clearwater Analytics Holdings, Inc.

Please note that the news article is an independent piece with information extracted from the press release, intended for informative purposes only.

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