Boston, Aug. 07, 2020 (GLOBE NEWSWIRE) -- Boston, August. 7, 2020 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc., a provider of SaaS-delivered enterprise software to the property and casualty insurance industry, announced today that it has launched its initial public offering of 15,000,000 shares of its common stock. The initial public offering price is expected to be between $19.00 and $21.00 per share, before underwriting discounts and commissions. In addition, Duck Creek expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Duck Creek has applied to list its common stock on the Nasdaq Global Select Market under the symbol "DCT."

Goldman Sachs & Co. LLC, J.P. Morgan and BofA Securities are serving as lead book-running managers for the proposed offering. Barclays and RBC Capital Markets are also acting as book-running managers for the proposed offering. JMP Securities, Needham & Company, Stifel, William Blair, D.A. Davidson & Co, Raymond James and Loop Capital Markets are acting as co-managers for the proposed offering.

About Duck Creek

Duck Creek Technologies is a leading provider of core system solutions to the P&C and General insurance industry. By accessing Duck Creek OnDemand, the company’s enterprise Software-as-a-Service solution, insurance carriers are able to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creek’s functionally-rich solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand.