BOISE,
Idaho, June 15, 2023 /PRNewswire/ -- Clearwater
Analytics Holdings, Inc. ("Clearwater Analytics" or the "Company")
(NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced that it has launched an underwritten secondary public
offering of an aggregate of 10,000,000 shares of the Company's
Class A common stock. The Company is conducting a resale of Class A
common stock on behalf of certain affiliates of Welsh, Carson,
Anderson & Stowe (collectively, the "Selling Stockholders").
The Company will not receive any proceeds from the sale of the
Company's Class A common stock by the Selling
Stockholders. The Company's Class A common stock is listed on
the New York Stock Exchange under the ticker symbol "CWAN."
Goldman Sachs & Co. LLC is acting as the underwriter and
sole book-running manager for the potential offering.
The shares of Class A common stock in this offering are being
offered pursuant to an automatically effective shelf registration
statement on Form S-3 filed with the Securities and Exchange
Commission ("SEC") on March 8, 2023.
A prospectus relating to and describing the terms of the proposed
offering will be filed with the SEC and may be obtained from:
Goldman Sachs & Co. LLC, Prospectus Department, 200 West
Street, New York, NY 10282, by
telephone at 1-866-471-2526, or by email at
Prospectus-ny@ny.email.gs.com; or by accessing the SEC's website at
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction. Any offers, solicitations or offers to buy, or any
sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global,
industry-leading SaaS solution, automates the entire investment
lifecycle. With a single instance, multi-tenant architecture,
Clearwater offers award-winning
investment portfolio planning, performance reporting, data
aggregation, reconciliation, accounting, compliance, risk, and
order management. Each day, leading insurers, asset managers,
corporations, and governments use Clearwater's trusted data to drive efficient,
scalable investing on more than $6.4
trillion in assets spanning traditional and alternative
asset types.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's beliefs and assumptions and on information
currently available to management. Forward-looking statements
include information concerning the terms of the proposed public
offering, the Company's possible or assumed future results of
operations, business strategies, technology developments, financing
and investment plans, dividend policy, competitive position,
industry, economic and regulatory environment, potential growth
opportunities and the effects of competition. Forward-looking
statements include statements that are not historical facts and can
be identified by terms such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "seek," "should," "will," "would" or similar
expressions and the negatives of those terms, but are not the
exclusive means of identifying such statements.
Forward-looking statements involve known and unknown risks,
uncertainties, and other factors, many of which are beyond the
Company's control, that may cause the Company's actual results,
performance, or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. These risks and uncertainties
include, but are not limited to, those discussed under "Risk
Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2022 filed with
the SEC on March 3, 2023, and in
other periodic reports filed by the Company with the SEC. These
filings are available at www.sec.gov and on the Company's website.
Given these uncertainties, you should not place undue reliance on
forward-looking statements. Also, forward-looking statements
represent management's beliefs and assumptions only as of the date
of this press release and should not be relied upon as representing
the Company's expectations or beliefs as of any date subsequent to
the time they are made. The Company does not undertake to and
specifically declines any obligation to update any forward-looking
statements that may be made from time to time by or on behalf of
the Company.
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SOURCE Clearwater Analytics, LLC