CCC Intelligent Solutions (CCCS) Holdings announced the proposed secondary offering of 42M shares of the company’s common stock by affiliates of Advent International. The offering consists entirely of shares of the company’s common stock to be sold by the selling stockholders, and the company will not receive any proceeds from the sale of the shares being offered by the selling stockholders. BofA Securities, Goldman Sachs, Jefferies, and J.P. Morgan Securities are acting as joint book running managers for the offering.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCCS:
- Strong Performance and Strategic Growth Drive Buy Rating for CCC Intelligent Solutions Holdings
- CCC Intelligent Solutions price target lowered to $11 from $13 at Piper Sandler
- Strong Financial Performance and Strategic Acquisitions Position CCC Intelligent Solutions Holdings for Long-Term Growth
- CCC Intelligent Solutions Holdings: Hold Rating Amid Slowing Growth and Strategic Shifts
- CCC Intelligent Solutions downgraded to Neutral from Overweight at JPMorgan
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue