CCC Intelligent Solutions (CCCS) Announces Proposed 40M Share Secondary Offering

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Go back to CCC Intelligent Solutions (CCCS) Announces Proposed 40M Share Secondary Offering

CCC Intelligent Solutions Announces Proposed Secondary Offering of 40 Million Shares of Common Stock

February 29, 2024 4:40 PM EST

CHICAGO--(BUSINESS WIRE)-- CCC Intelligent Solutions Holdings Inc. (the Company) (NASDAQ: CCCS) today announced the proposed secondary offering of 40 million shares of the Companys common stock (the Offering) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the Selling Stockholders). The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 6 million shares of the Companys common stock. The Offering consists entirely of shares of the Companys common stock to be sold by the Selling Stockholders, and the Company will not receive any... More