CWAN News

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company Knowlton Development (KDC). The pipeline was fairly active, with seven IPOs and five SPACs...read more

Clearwater Analytics Holdings, which provides cloud-native software for investment accounting and analytics, raised $540 million by offering 30 million shares at $18, above the range of $14 to $16. New investor Wellington Management and insiders Dragoneer Investment Group and Durable Capital had indicated on $150 million worth of shares in the offering (28% of the deal). Clearwater...read more

Summer may be over, but the IPO market is just heating up as 14 IPOs are slated to raise $5.3 billion in the week ahead. The diverse group includes software, consumer products, payment technology, and more. The largest deal of the week, Freshworks (FRSH) plans to raise $855 million at a $9.6 billion market cap. The company’s core product is its customer...read more

Clearwater Analytics Holdings, which provides cloud-native software for investment accounting and analytics, announced terms for its IPO on Tuesday. The Boise, ID-based company plans to raise $450 million by offering 30 million shares at a price range of $14 to $16. New investor Wellington Management and insiders Dragoneer Investment Group and Durable Capital have indicated an...read more