Media Coverage

Clearwater Analytics Holdings Inc., a private-equity-backed financial software maker from Idaho, rose 41% in its trading debut after pricing its initial public offering above a marketed range to raise $540 million. Clearwater’s shares closed in New York trading Friday at $25.37, giving the company a market value of $5.9 billion. The company sold 30 million shares Thursday for $18 each after marketing them for $14 to $16.

ZACK GUZMAN: Welcome back. In today's IPO power hour, we are watching shares of Clearwater Analytics, CA. Nice 30% pop in their debut. The company, which provides cloud native software for investment, accounting and analytics, raised more than $500 million by offering 30 million shares at $18 bucks a pop. That was above the initially advertised range of $14 to $16. The company also counts among its clientele, some rather large names you might have heard of, including Facebook, Cisco, and JPMorgan Chase.

Continuing a record-breaking year in IPOs, online financial services provider Clearwater Analytics made its New York Stock Exchange debut. CEO Sandeep Sahai joined Cheddar’s "Closing Bell" to talk about why this was an opportune time to go public. He noted that the move has signaled the company as a disrupter in the online investment space, which he ultimately believes will help others see the company as an industry leader, and allows it to expand overseas. Sahai also explained that a public company has an easier time hiring global talent, a future in M&A, and can share its success with employees.

Clearwater(CWAN) shares climbed 33%, to $24 a piece, after the company priced its IPO at $18 a share, compared to an expected range of $14 to $16 a share. The company sold 30 million shares and raised $540 million in its first day on the public markets. Based in Boise, Idaho, Clearwater specializes in software and services for investment accounting, reporting and analytics for businesses.

Two companies, Clearwater Analytics and Cue Health, listed their shares Friday, capping off a busy week in the IPO market. Shares of Clearwater (ticker: CWAN) kicked off at $23.75 and hit a high of $26.75. The stock closed at $25.37, up nearly 41% from the offer price. Clearwater, which is backed by Welsh, Carson, Anderson & Stowe, raised...

Sept 24 (Reuters) - Clearwater Analytics Holdings Inc was valued at about $5.5 billion after a blockbuster stock market debut on Friday, in which its shares jumped over 30%, capping a successful week for initial public offerings of tech unicorns. Shares of the financial services software company, which is backed by buyout firm Welsh, Carson, Anderson & Stowe, opened at $23.75 on the New York Stock Exchange, compared with an IPO price of $18 per share.

Clearwater Analytics, a provider of SaaS-based investment accounting, reporting, and analytics solutions, has appointed Jonathan Flitt as Global Head of Private Assets. In this capacity, he is leading product management, strategy, and execution to deliver platform capabilities and innovative solutions that provide total portfolio transparency for the rapidly-growing private markets space. This appointment reflects Clearwater’s continued investment in these asset classes.

Clearwater Analytics picked Souvik Das to be enterprise software company’s chief technology officer. Das was previously the CTO of Zenefits.