Financial software maker Clearwater Analytics closed up 41% at $25.37 per share in its debut, giving it a market cap of $5.9B, after raising $540M in its IPO (Bloomberg)

Bloomberg:
Financial software maker Clearwater Analytics closed up 41% at $25.37 per share in its debut, giving it a market cap of $5.9B, after raising $540M in its IPO  —  - Software firm's backers include Welsh Carson, Permira, Warburg  — CEO says IPO was to raise Idaho firm's profile more than cash

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