DCT News

The 2020 tech IPO drought in Silicon Valley is about to end after a wave of filings on Monday brought 13 new companies into the IPO pipeline. Now,...read more

Four IPOs and six SPACs entered the public markets this past week led by CureVac (CVAC), which posted the largest first-day pop for a US IPO since 2005. German biotech CureVac (CVAC) raised $213 million at a $2.8 billion market cap and soared 249% on its first day of trading. With a portfolio of mRNA-based therapies and vaccines, the company developing a...read more

Duck Creek Technologies, a leading SaaS provider of core systems software for P&C insurers, raised $405 million by offering 15 million shares at $27, above the revised range of $23 to $25. The company had originally filed to offer 15 million shares at a range of $19 to $21. Insiders Dragoneer Investment Group, Neuberger Berman, and Insight Partners indicated an interest in...read more

Duck Creek Technologies, a leading SaaS provider of core systems software for P&C insurers, raised the proposed range for its upcoming IPO on Wednesday. The Boston, MA-based company now plans to raise $360 million by offering 15 million shares at a price range of $23 to $25. Insiders intend to purchase $100 million worth of shares in the offering. The company had previously...read more