Duck Creek Technologies Files for IPO
July 23 2020 - 7:08PM
Dow Jones News
By Josh Beckerman
Duck Creek Technologies, an insurance software company carved
out from Accenture PLC in 2016, filed for an initial public
offering.
Apax Partners bought a majority stake in the 2016 transaction.
Duck Creek said in June that it received a $230 million investment
from Kayne Anderson Rudnick Investment Management, Whale Rock
Capital Management and others.
The company said revenue was $153 million for the nine months
ended May 31, up 24% from the comparable prior-year period.
The filing lists a placeholder amount of $200 million. The
company applied for listing on Nasdaq under the symbol DCT.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 23, 2020 18:53 ET (22:53 GMT)
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