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DCT - Investors Should Share Duck Creek's Increased Optimism
Duck Creek Technologies Inc.
Duck Creek Technologies (DCT) is increasingly optimistic about its IPO this Friday. According to Pitchbook, the insurance technology company has revised its share price to a range of $23 to $25, up from an initial range of $19 to $21. At a midpoint of $24 a share, Duck Creek would raise $360 million and achieve a valuation of about $3 billion.
Duck Creek is in a growing sector which appears to not have been majorly impacted by COVID-19, and SaaS tech companies are always attractive to investors. While there are some concerns