Clearwater Analytics Jumps in Debut After $540 Million IPO (1)

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.

Sandeep Sahai

Source: Clearwater Analytics

Boise-based Clearwater’s platform provides investment accounting and reporting, performance measurement, compliance monitoring and risk analytics solutions for asset managers, insurance companies and large corporations, according to its filings with the ...