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CCC Intelligent Solutions Announces Pricing of Secondary Offering of 42 Million Shares of Common Stock, including Concurrent Common Stock Repurchase

1. CCCS announces a secondary offering of 42 million shares. 2. The shares will be sold at market prices by Advent International affiliates.

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FAQ

Why Bearish?

Secondary offerings can dilute existing shares, leading to lower prices. Historical examples show stock prices often drop post-offering announcements.

How important is it?

The secondary offering is significant due to the large volume of shares, thus impacting price and investor sentiment. Investors may react negatively to dilution risks.

Why Short Term?

Initial market reactions to secondary offerings occur immediately. Dilution concerns affect stock prices quickly, with potential recovery as market stabilizes.

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ADBEMSFTGOOGL
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the pricing of the previously announced secondary offering of the Company's common stock (the “Offering”) by affiliates of Advent International, L.P. (the “Selling Stockholders”). The Offering consists of 42 million shares of the Company's common stock. The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at th.

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