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Read expert commentary on market trends, operational strategies, and the technology shaping the future of investment management.
The Federal Reserve’s rate cut in October, marking the second drop in rates this year, can have immediate implications on the returns earned by U.S. companies on their idle cash, Clearwater said.
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Souvik Das, Chief Technology Officer of Clearwater Analytics, was captivated by computers since he was a youngster. Surprisingly, being the son of an ENT surgeon, his interest in technology arose from his surroundings in the tech-evolving outside world.
Clearwater Analytics Holdings, Inc. (NYSE: CWAN), will release financial results for the third quarter of fiscal 2021 after the U.S. financial markets close on Wednesday, November 3, 2021.
Clearwater Analytics has appointed Sai Perry as head of solutions, Europe and Asia. Based in London, Perry will report to Gayatri Raman, president of Europe and Asia. Perry will be responsible for creating solutions to help clients streamline and future proof their operating models. Prior to Clearwater Analytics, Perry was director at PwC in London, where he set up and led the asset management technology team that serviced clients globally.
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The asset management industry is filled with firms relying on outdated, legacy technologies. While companies may have gotten by in the past, the pandemic and remote working have exposed the inconvenience of these expensive and inaccessible on-premise infrastructures. Working from home had meant that these employees struggled to access critical data and applications, disrupting businesses at an already volatile time.
Sept 24 (Reuters) – Clearwater Analytics Holdings Inc was valued at about $5.5 billion after a blockbuster stock market debut on Friday, in which its shares jumped over 30%, capping a successful week for initial public offerings of tech unicorns. Shares of the financial services software company, which is backed by buyout firm Welsh, Carson, Anderson & Stowe, opened at $23.75 on the New York Stock Exchange, compared with an IPO price of $18 per share.
Two companies, Clearwater Analytics and Cue Health, listed their shares Friday, capping off a busy week in the IPO market. Shares of Clearwater (ticker: CWAN) kicked off at $23.75 and hit a high of $26.75. The stock closed at $25.37, up nearly 41% from the offer price. Clearwater, which is backed by Welsh, Carson, Anderson & Stowe, raised…
Clearwater(CWAN) shares climbed 33%, to $24 a piece, after the company priced its IPO at $18 a share, compared to an expected range of $14 to $16 a share. The company sold 30 million shares and raised $540 million in its first day on the public markets. Based in Boise, Idaho, Clearwater specializes in software and services for investment accounting, reporting and analytics for businesses.