Deals
Clearwater Analytics Jumps in Debut After $540 Million IPO
- Software firm’s backers include Welsh Carson, Permira, Warburg
- CEO says IPO was to raise Idaho firm’s profile more than cash
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Clearwater Analytics Holdings Inc., a private-equity-backed financial software maker from Idaho, rose 41% in its trading debut after pricing its initial public offering above a marketed range to raise $540 million.
Clearwater’s shares closed in New York trading Friday at $25.37, giving the company a market value of $5.9 billion. The company sold 30 million shares Thursday for $18 each after marketing them for $14 to $16.