CCC Intelligent Solutions Holdings $194 million follow-on offering
The shares are listed on the New York Stock Exchange
Davis Polk advised the representatives of the several underwriters in connection with the $194 million follow-on offering of 20,000,000 shares of common stock of CCC Intelligent Solutions Holdings Inc. sold by certain selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “CCCS.”
CCC is a provider of innovative cloud, mobile, telematics, hyperscale technologies and applications for the property and casualty insurance economy. Its SaaS platform connects trading partners, facilitates commerce and supports mission-critical, AI-enabled digital workflows. CCC’s platform processes transactions across this ecosystem, digitizing workflows and connecting companies across the P&C insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufacturers, financial institutions and others.
The Davis Polk capital markets team included partner Michael Kaplan and counsel Chris Van Buren. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate S. Dream Montgomery. The tax team included partner Michael Farber and associate Eitan Ulmer. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.