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Clearwater Analytics goes for 1… 2… 3… 4 billion!INTL

Clearwater Analytics goes for 1… 2… 3… 4 billion!

Clearwater Analytics, the US-based SaaS FinTech company, is priming itself for an IPO next week in which it plans to raise $450m under a $4b valuation. Clearwater is best known for providing software which helps companies manage their investment portfolios. Its services are responsible for automating the accounting, performance, and risk reporting process for over 1,000 clients.

The company’s been eyeing an IPO since last August when it was reported that its main owner, the PE firm Welsh Carson, was looking for an exit route. Clearwater’s seen revenues of $226m for the 12 months ending June 30, 2021, with a 24% year-on-year increase in revenues during H1 2021.

why it matters

The listing’s already generating buzz pre-IPO as investors like Durable Capital and Wellington Management have expressed interest in buying up to $150m worth of shares. With customers like Cisco (CSCO), Facebook (FB), and Oracle (ORC), investors will be ready to cash in on Clearwater’s large client base.