Duck Creek Technologies Sets IPO Price Range
2 Boston-based Duck Creek Technologies has set a price range of between $19 and $21 for its initial public offering, according to new documents filed with the U.S. Securities and Exchange Commission. As a private company, Duck Creek Technologies raised at least $357 million in funding from backers including Pequot Capital, Insight Partners, Temasek Holdings and Dragoneer Investment Group. It last raised money with a $230 million private equity round in June 2020, per Crunchbase. Its net losses also shrunk to around $8.5 million for the same period, from $14 million reported for the nine months that ended on May 31, 2019. Duck Creek Technologies is scheduled to start trading on the Nasdaq on Aug. 14 under the ticker DCT.