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CCC Intelligent Solutions Holdings Inc., a leading SaaS platform provider for the insurance economy, has announced the pricing of a secondary offering of 30 million shares by affiliates of Advent International, L.P. The offering, priced at $9.89 per share, is set to close around August 7, 2025, and will not generate proceeds for the company itself.
CCCS prices secondary offering of 30M shares at $9.89 each.
Shares offered by Advent International, not CCCS directly.
Offering expected to close on or about August 7, 2025.
Goldman Sachs & Co. LLC serves as book running manager.
CCCS stock trades at $10.06, per the finance card above.
No proceeds will go to CCCS from this secondary offering.
On August 5, 2025, CCC Intelligent Solutions Holdings Inc. announced that affiliates of Advent International, L.P., the selling stockholders, priced 30 million shares of CCCS common stock at $9.89 per share. The offering, managed by Goldman Sachs & Co. LLC, is part of an effective shelf registration statement filed with the SEC. As noted in the finance card above, CCCS’s current stock price is $10.06, reflecting a slight premium over the offering price.
The secondary offering involves shares held by Advent International, meaning CCCS will not receive any proceeds from the sale. This structure allows existing shareholders to liquidate their holdings without impacting the company’s balance sheet directly. The offering is expected to close around August 7, 2025, pending customary conditions.
CCC Intelligent Solutions operates a cloud-based SaaS platform that connects over 35,000 businesses in the property and casualty insurance sector. Its AI-powered Intelligent Experience (IX) Cloud platform supports insurers, repairers, automakers, and suppliers, facilitating over $100 billion in annual transactions. This offering underscores the company’s visibility in the market, even as it remains focused on AI-driven innovation.
The secondary offering by Advent International highlights CCC Intelligent Solutions’ strong market presence, with its stock trading above the offering price, as shown in the finance card above. While the company does not gain proceeds, the transaction reinforces its position as a key player in the insurance technology sector, leveraging AI and cloud solutions to drive industry efficiency.
CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading SaaS platform provider for the multi-trillion-dollar insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most.
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