CCC Intelligent Solutions Announces Pricing of Secondary Offering of 30 Million Shares of Common Stock
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (the âCompanyâ) (NASDAQ: CCCS) today announced the pricing of the previously announced secondary offering of the Companyâs common stock (the âOfferingâ) by affiliates of Advent International, L.P. (the âSelling Stockholdersâ) at a price to the public of $9.89 per share. The Offering consists of 30,000,000 shares of the Companyâs common stock. The Offering is expected to close on or about August 7, 2025, subject to the satisfactio
Related Questions
How does the $9.89 price compare to CCCS' recent trading range and its current valuation metrics?
What is the size of the offering relative to CCCS' total float and market capitalization, and could it strain liquidity?
What potential dilution impact will the issuance of 30,000,000 new shares have on existing shareholders' ownership percentages and EPS?
Are there any lockâup or sellingârestriction agreements for Advent International affiliates that might affect future supply and price pressure?
How will the secondary offering at $9.89 per share affect CCC Intelligent Solutions' stock price in the short term?
What are the potential tax considerations for the selling stockholders and for investors who purchase the new shares at $9.89?
What regulatory or shareholder approvals are required for the offering and could any delays impact the expected August 7, 2025 closing date?
Will the proceeds fund any specific growth initiatives, acquisitions, or debt repayment that could change the company's risk profile?
How might this secondary offering influence analystsâ earnings forecasts and target price revisions for CCCS?
What is the total proceeds expected from the $9.89 offering and how will they be used by the Company?