Loop Capital Markets participates as co-manager on the $405 million initial public offering of Duck Creek Technologies Inc.

On August 14, 2020, Duck Creek Technologies, a leading SaaS platform for the Property & Casualty Insurance industry, raised $405 million in an initial public offering by issuing 15 million shares at an offering price of $27.00. Loop Capital Markets served as a co-manager on the initial public offering.

The company intends to use the net proceeds from this offering to redeem outstanding LP units, repurchase a portion of the shares in the company received by the principal stockholder in a reorganization merger, cash settle outstanding equity awards of certain international employees, and for general corporate purposes.