The shares are listed on the Nasdaq Global Select Market

Davis Polk advised the representatives of the several underwriters in connection with the $683 million secondary offering of 65,000,000 shares of common stock of CCC Intelligent Solutions Holdings Inc. sold by certain selling stockholders. CCC Intelligent Solutions Holdings repurchased 32,500,000 shares from the underwriters in the offering. The selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4,875,000 shares. The common stock is listed on the Nasdaq Global Select Market under the symbol “CCCS.”

CCC is a leading provider of innovative cloud, mobile, AI, telematics, hyperscale technologies and applications for the P&C insurance economy. Its SaaS platform connects trading partners, facilitates commerce and supports mission-critical, AI-enabled digital workflows. Leveraging decades of deep domain experience, CCC’s industry-leading platform processes transactions across this ecosystem, digitizing workflows and connecting companies across the property and casualty (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 team included partner Frank J. Azzopardi and associate S. Dream Montgomery. The tax team included partner Michael Farber and associate Michelle Zhao. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post