Duck Creek Technologies, Inc. Registers 8 Million Shares in a Deal that Could Change its Corporate Governance Standards

Duck Creek Technologies, Inc. (NASDAQ: DCT) has filed paperwork with the SEC registering 8 million shares of common stock. Their preliminary prospectus lists this deal at a proposed maximum aggregate offering price of $525 million. J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and BofA Securities, Inc. are serving as underwriters for this deal.

Use of Proceeds

The shares registered in this deal are shares of common stock that are already owned by current stockholders. These stockholders will receive all proceeds from the sale of these stocks, and Duck Creek will not receive any proceeds from this deal.

About This Deal

The "Principal and selling stockholders" section of the prospectus has a detailed breakdown of who the sellers are and how much they are offering. Ho...

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