IPO - Profile

Clearwater Analytics Holdings, Inc.

Technology > Computer Software: Prepackaged Software

CWAN

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$18.00 30,000,000 Positive High 39.46%

Offering Team

  • Legal counsel
  • Skadden, Arps, Slate, Meagher & Flom LLP
  • Auditors
  • KPMG LLP

Deal Highlights

Clearwater aspires to be the world’s most trusted and comprehensive technology platform for investment accounting and analytics. Starting by radically simplifying investment accounting, we intend to use the power of our platform to eventually revolutionize the world of investing. Clearwater brings transparency to the opaque world of investment accounting and analytics with what we believe is the industry’s most trusted and innovative single instance, multi-tenant technology platform. Our cloud-native software allows clients to radically simplify their investment accounting operations, enabling them to focus on higher-value business functions such as asset allocation strategy and investment selection. Our platform provides comprehensive accounting, data and advanced analytics as well as highly-configurable reporting for global investment assets daily or on-demand, instead of weekly or monthly. We give our clients confidence that they are making the most informed decisions about investment performance, regulatory compliance and risk. We provide investment accounting and reporting, performance measurement, compliance monitoring and risk analytics solutions for asset managers, insurance companies and large corporations. Every day, Clearwater’s powerful platform aggregates and normalizes data on over $5.6 trillion of global invested assets for over 1,000 clients. We bring modern software to an industry that has long been dominated by difficult-to-use, high cost legacy technologies and processes, which often lack data integrity and traceability, and often require significant manual intervention. The strength of our platform is demonstrated by our approximately 80% win rate for new clients over the prior four years in deals that reached the proposal stage.

Deal Tracker

IPO Dates

Filing 21 Sep, 2021

Offer 24 Sep, 2021

Look Ahead

Lock Up Expiry Mar 24, 2022

IPO Terms

Offer Price $18.00
Offer Size 30M

Market Sentiments

Stock Price