Meet the Latest Insurtech Company Going Public: Duck Creek Technologies
Several insurance technology companies have gone public in 2020, with the insurtech Lemonade (NYSE: LMND) turning in the largest IPO of the year so far. Now Duck Creek Technologies has filed a prospectus with the Securities and Exchange Commission to go public as well.
The Boston-based company, which was founded in 2000, is planning to raise at least $200 million in the offering. Duck Creek plans to use the proceeds to rearrange its organizational structure and for general corporate purposes such as pursuing acquisitions. It's expected to trade on the Nasdaq with the ticker DCT.
Let's meet Duck Creek Technologies.
Source Fool.com
