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Duck Creek Technologies Priced, Nasdaq: DCT

Leading SaaS provider of core systems software for P&C insurers.

Industry: Technology

Latest Trade: $40.47 0.00 (0.0%)

First Day Return: +48.1%

Return from IPO: +49.9%

Industry: Technology

We are the leading Software-as-a-Service provider of core systems for the P&C insurance industry. We have achieved our leadership position by combining over twenty years of deep domain expertise with the differentiated SaaS capabilities and low-code configurability of our technology platform. We believe we are the first company to provide carriers with an end-to-end suite of enterprise-scale core system software that is purpose-built as a SaaS solution. Our product portfolio is built on our modern technology foundation, the Duck Creek Platform, and works cohesively to improve the operational efficiency of carriers’ core processes (policy administration, claims management and billing) as well as other critical functions. The Duck Creek Platform enables our customers to be agile and rapidly capitalize on market opportunities, while reducing their total cost of technology ownership. The core business functions of carriers are complex and data intensive, requiring large ongoing investments in domain specific technology. Heightened end-user expectations, increased competition, and new and evolving risks pose new challenges for carriers, creating the need for software that fosters agility, innovation and speed to market.
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IPO News for Duck Creek Technologies
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IPO Data
IPO File Date 07/23/2020
Offer Price $27.00
Price Range $23.00 - $25.00
Offer Shares (mm) 15.0
Deal Size ($mm) $405
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/13/2020
Offer Price $27.00
Price Range $23.00 - $25.00
Offer Shares (mm) 15.0
Deal Size ($mm) $405
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Boston, MA
Founded 2000
Employees 1,355
Website www.duckcreek.com