Boston, MA, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Duck Creek Technologies, Inc. (Nasdaq: DCT), a provider of SaaS-delivered enterprise software to the property & casualty insurance industry, announced today the pricing of an underwritten public offering by certain of its stockholders of 8,000,000 shares of Duck Creek’s common stock at a public offering price of $41.00 per share. The offering is expected to close on November 13, 2020, subject to customary closing conditions. The selling stockholders also granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of Duck Creek’s common stock at the public offering price, less underwriting discounts and commissions.

Duck Creek is not selling any shares in the offering and will not receive any of the proceeds from the sale.

J.P. Morgan, Goldman Sachs & Co. LLC, and BofA Securities are serving as lead book-running managers for the offering. Barclays and RBC Capital Markets are also acting as book-running managers for the 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 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.