Clearwater Analytics files for IPO: What you need to know

Follow us on Google News:
 Clearwater Analytics files for IPO: What you need to know
Image source: DenPhotos,Shutterstock


  • Clearwater Analytics on Monday filed its IPO papers with the Security and Exchange Commission (SEC).
  • The online accounting company has more than 1,078 clients, including Facebook, Cisco, Oracle, and Starbucks.
  • Goldman Sachs & Co., JP Morgan Securities, and Morgan Stanley & Co. are the book-runners for the proposed IPO.

Online investment analytics provider Clearwater Analytics on Monday filed for its initial public offering (IPO) with the US Security and Exchange Commission (SEC). 

The Boise, Idaho-based company provides online investment portfolio accounting, reporting, and reconciliation services to institutional investors. It has offices in the US, Europe, and Asia.

Facebook, Oracle, Cisco, and Starbucks are among some of the big names in the company’s list of over 1,078 clients.

Also Read: Top 10 stocks receiving maximum attention from Reddit investors

The SaaS-based investment solutions company also manages assets of over US$5.5 trillion from clients like investment managers, banks, insurance firms, pension funds, and the government.   

On Monday, the company filed a registration statement for the IPO, or Form S-1, for its Class A common stock. The total number of shares and the stock price for the IPO have not been fixed yet. Clearwater, founded in 2004, plans to get listed on NYSE under the ticker symbol ‘CWAN’.

Goldman Sachs & Co., JP Morgan Securities, and Morgan Stanley & Co. are the book-runners and representing underwriters for the proposed IPO.

Also Read: Why is Avalanche crypto catching the eye of investors?

Source - pixabay

Also Read: Which are the top US banks investing in cryptocurrency, blockchain?

The company’s June quarter revenue was US$117.8 million, about a 24% increase year-over-year for the six months ended June 30, 2021, it said in the filing. However, its net income fell by 77% YoY to US$3.2 million due to the higher operating expenses during the period. Clearwater is targeting a valuation of US$4.0 billion for the IPO, Reuters reported.


Welsh Carson Anderson & Stowe is currently the majority owner of the company. Other investors include private equity firms Permira and Warburg Pincus. Meanwhile, the second half of 2021 could see several high-profile IPOs, including EV maker Rivian’s public offer. Some of the prominent IPOs so far this year include South Korean eCommerce company Coupang and Chinese ride-hailing firm DiDi.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Featured Articles