CCC Intelligent Solutions Holdings announced the proposed secondary offering of 40M shares of the company’s common stock by affiliates of Advent International and Oak Hill Capital Partners. 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. Goldman Sachs & Co., BofA Securities and J.P. Morgan are acting as joint book running managers for the offering.
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Read More on CCCS:
- CCC Intelligent Solutions sees FY24 revenue $942M-$950M, consensus $934.1M
- CCC Intelligent Solutions sees Q1 revenue $224.5M-$226M, consensus $223.0M
- CCC Intelligent Solutions reports Q4 EPS 9c, consensus 8c
- CCC Intelligent Solutions resumed with a Buy at Citi
- CCC Intelligent Solutions 22M share Spot Secondary priced at $10.55
