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

1. CCC Intelligent Solutions plans a secondary stock offering of 42 million shares. 2. The offering is by affiliates of Advent International at prevailing market prices.

Shares Buyback
-2.3%Current Return
VS
+1.56%S&P 500
$10.4302/27 05:00 PM EDTEvent Start
$10.1902/28 11:26 PM EDTLatest Updated
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FAQ

Why Bearish?

Secondary offerings usually dilute existing shares, leading to a potential price drop. Historical examples show share dilution often precedes declines in stock value for companies facing similar scenarios.

How important is it?

The large volume of shares being offered may weigh heavily on investor sentiment. Such announcements often lead to concerns about stock dilution, affecting trading strategies and valuations.

Why Short Term?

Market reaction to offerings typically occurs immediately, impacting short-term stock performance. Past instances indicate quick adjustments in stock price following announcements of secondary offerings.

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

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