{"id":424356,"date":"2021-01-28T21:22:42","date_gmt":"2021-01-29T02:22:42","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=424356"},"modified":"2021-01-28T21:22:42","modified_gmt":"2021-01-29T02:22:42","slug":"duck-creek-technologies-announces-pricing-of-public-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/duck-creek-technologies-announces-pricing-of-public-offering-of-common-stock\/","title":{"rendered":"Duck Creek Technologies Announces Pricing of Public Offering of Common Stock"},"content":{"rendered":"
\n

BOSTON, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) — Duck Creek Technologies, Inc. (Nasdaq: DCT) (\u201cDuck Creek\u201d), a provider of SaaS-delivered enterprise software to the property & casualty (\u201cP&C\u201d) insurance industry, announced today the pricing of an underwritten public offering by Duck Creek and certain of its stockholders of a total of 9,000,000 shares of Duck Creek\u2019s common stock (an upsize of 1,000,000 shares) at a public offering price of $46.00 per share, including 8,910,000 shares offered by the selling stockholders and 90,000 shares offered by Duck Creek. The offering is expected to close on February 2, 2021, subject to customary closing conditions. The selling stockholders also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares of Duck Creek\u2019s common stock at the public offering price, less underwriting discounts and commissions.<\/p>\n

Duck Creek intends to use the net proceeds from this offering to pay certain costs, fees and expenses incurred in effecting the registration of its common stock covered by the prospectus, including, without limitation, all registration and filing fees, Nasdaq listing fees and fees and expenses of its counsel and its independent registered public accountants. Duck Creek expects to use any remaining net proceeds from this offering for general corporate purposes. Duck Creek will not receive any proceeds from the sale of shares by the selling stockholders.<\/p>\n

Goldman Sachs & Co. LLC, J.P. Morgan and BofA Securities are serving as lead book-running managers for the offering. Barclays and RBC Capital Markets are also acting as book-running managers for the offering. JMP Securities, Needham & Company, Stifel, William Blair, D.A. Davidson & Co., Raymond James and Loop Capital Markets are acting as co-managers for the offering.<\/p>\n

The registration statement on Form S-1, including a prospectus, relating to these securities has been declared effective by the Securities and Exchange Commission (the \u201cSEC\u201d). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

This offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, for free by visiting EDGAR on the SEC\u2019s website at http:\/\/www.sec.gov.<\/a> Alternatively, copies of the final prospectus, when available, may be obtained for free from the offices of Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 Wall Street, New York, New York 10282, by telephone at (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, by telephone at (866) 803-9204 or by email at prospectus-eq_fi@jpmchase.com;; or BofA Securities, Inc., Attn: Prospectus Department, 200 North College Street, 3rd floor, Charlotte, NC 28255 or by email at dg.prospectus_requests@bofa.com.<\/p>\n

\n About Duck Creek<\/strong>\n <\/p>\n

Duck Creek Technologies is a leading provider of core system solutions to the P&C and General insurance industry. By accessing Duck Creek OnDemand, the company\u2019s enterprise Software-as-a-Service solution, insurance carriers are able to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creek\u2019s functionally-rich solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand.<\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

This press release includes certain disclosures which contain \u201dforward-looking statements.\u201d You can identify forward-looking statements because they contain words such as \u201dbelieves\u201c and \u201dexpects.\u201d Forward-looking statements, including statements regarding the timing of the secondary offering, are based on Duck Creek\u2019s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in Duck Creek’s registration statement on Form S-1, as amended, and Duck Creek\u2019s latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q, including under the caption \u201dRisk Factors,\u201d and Duck Creek\u2019s subsequent filings with the SEC. Any forward-looking statement in this release speaks only as of the date of this release. Duck Creek undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws.<\/p>\n

\u00a0<\/p>\n

Investor Contact:<\/p>\n

Brian Denyeau<\/p>\n

ICR<\/p>\n

646-277-1251<\/p>\n

Brian.denyeau@icrinc.com<\/p>\n

\u00a0<\/p>\n

Media Contact:<\/p>\n

Paul Rechichi<\/p>\n

Racepoint Global<\/p>\n

617 624 3295<\/p>\n

prechichi@racepointglobal.com<\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

\n
Sam A. Shay\r\nDuck Creek Technologies\r\n+1 (857) 201-5784\r\nsam.shay@duckcreek.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
BOSTON, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) — Duck Creek Technologies, Inc. (Nasdaq: DCT) (\u201cDuck Creek\u201d), a provider of SaaS-delivered enterprise software to the property & casualty (\u201cP&C\u201d) insurance industry, announced today the pricing of an underwritten public offering by Duck Creek and certain of its stockholders of a total of 9,000,000 shares of Duck Creek\u2019s common stock (an upsize of 1,000,000 shares) at a public offering price of $46.00 per share, including 8,910,000 shares offered by the selling stockholders and 90,000 shares offered by Duck Creek. The offering is expected to close on February 2, 2021, subject to customary closing conditions. The selling stockholders also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares of … <\/p>\n
Continue reading “Duck Creek Technologies Announces Pricing of Public Offering of Common Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-424356","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDuck Creek Technologies Announces Pricing of Public Offering of Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/duck-creek-technologies-announces-pricing-of-public-offering-of-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duck Creek Technologies Announces Pricing of Public Offering of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOSTON, Mass., Jan. 28, 2021 (GLOBE NEWSWIRE) — Duck Creek Technologies, Inc. (Nasdaq: DCT) (\u201cDuck Creek\u201d), a provider of SaaS-delivered enterprise software to the property & casualty (\u201cP&C\u201d) insurance industry, announced today the pricing of an underwritten public offering by Duck Creek and certain of its stockholders of a total of 9,000,000 shares of Duck Creek\u2019s common stock (an upsize of 1,000,000 shares) at a public offering price of $46.00 per share, including 8,910,000 shares offered by the selling stockholders and 90,000 shares offered by Duck Creek. The offering is expected to close on February 2, 2021, subject to customary closing conditions. 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