LMND - IPO Update: Duck Creek Technologies Proposes IPO Terms
Quick Take
Duck Creek Technologies (DCT) has filed to raise $300 million from the sale of its common stock in an IPO, according to an amended registration statement.
The company provides property & casualty insurance companies with improved policy, billing and claims software workflows.
DCT is producing accelerating growth, positive operational cash flow, has strong interest from investors and a reasonable IPO price, so the IPO is worth a close look.
Company & Technology
Boston, Massachusetts-based Duck Creek was founded to develop an online platform that provides P&C insurance carriers with software